Market Overview

A Peek Into The Market Before The Trading Starts

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A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 17 points to 14,376.00 and S&P 500 index futures rose 0.90 points to 1,541.60. Nasdaq 100 futures gained 2 points to 2,773.50.

A Peek Into Global Markets European markets were mostly lower today. The STOXX Europe 600 Index fell 0.18%, London's FTSE 100 Index gained 0.09%, French CAC 40 Index declined 0.10% and German DAX 30 index fell 0.08%.

Asian markets ended mostly lower, with Japan's Nikkei Stock Average dipping 2.35%, China's Shanghai Composite gaining 0.17% and Australia's S&P/ASX 200 rising 0.08%. Hong Kong's Hang Seng Index fell 0.50% and India's Sensex tumbled 0.30%.

Broker Recommendation Analysts at Deutsche Bank downgraded Kohl's (NYSE: KSS) from “hold” to “sell.” The target price for Kohl's has been lowered from $42 to $41.

Kohl's shares dropped 0.71% to close at $46.43 yesterday.

Breaking news

  • TripAdvisor (NASDAQ: TRIP) today announced it has acquired Tiny Post (tinypost.co), the highly acclaimed app that lets you write over photos and turn them into stories. To read the full news, click here.
  • Simcere Pharmaceutical Group (NYSE: SCR) today announced that the Chinese SFDA has issued its approval for GMP certification of the influenza vaccine production facility at Jiangsu Simcere Vaxtec Bio-Pharmaceutical Co., Ltd, a subsidiary in which the Company holds a 52.5% equity interest. To read the full news, click here.
  • Fiesta Restaurant Group (NASDAQ: FRGI), the owner, operator, and franchisor of the Pollo Tropical® and Taco Cabana® fast-casual restaurant brands, today announced the pricing of a secondary public offering of 2,900,000 shares of common stock at a price of $24.25 per share. To read the full news, click here.
  • Marin Software Incorporated (NYSE: MRIN) today announced the pricing of its initial public offering of 7,500,000 shares of common stock at $14.00 per share. To read the full news, click here.
 

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Posted-In: Deutsche Bank US Stock FuturesNews Futures Global Pre-Market Outlook Markets