US Stock Futures Down Ahead Of Fed Minutes

US stock futures traded lower in early pre-market trade, ahead of the release of the recent FOMC minutes. Data on existing home sales for July will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 43 points to 14,942.00, while the Standard & Poor's 500 index futures fell 5.60 points to 1,645.00. Futures for the Nasdaq 100 index dropped 11.50 points to 3,069.50.

European markets were lower today, with the Spanish Ibex Index dropping 0.63%, London's FTSE 100 index dropping 0.73% and STOXX Europe 600 Index declining 0.33%. German DAX 30 index fell 0.28% and French CAC 40 Index tumbled 0.15%. Asian markets ended mixed today. China's Shanghai Composite surged 0.02%, while Japan's Nikkei Stock Average rose 0.21%. Australia's ASX/S&P500 gained 0.42% and Hong Kong's Hang Seng Index fell 0.69% and India's Sensex tumbled 1.86%.

Analysts at Goldman Sachs upgraded Garmin

from “sell” to “neutral.” The target price for Garmin has been raised from $34 to $39. Garmin's shares closed at $38.45 yesterday.