Market Overview

US Stock Futures Flat Ahead Of Durable-Goods Data

US Stock Futures Flat Ahead Of Durable-Goods Data
Related UAL
United Airlines Looks Primed For A Breakout
Wall Street Subdued As Trump-Kim Summit Statement Light On Details
Alaska Air Fighting Some Competitive Headwinds (Seeking Alpha)
Related WY
Earnings Scheduled For April 27, 2018
Citi Waits For The Right Entry Point In Rayonier, A 'Pure Play' Timber REIT

Pre-open movers

US stock futures were mostly flat in early pre-market trade, ahead of economic data. Data on durable goods orders for September will be released at 8:30 a.m. ET, while the Reuter's/University of Michigan's consumer sentiment index for October will be released at 9:55 a.m. ET. Data on wholesale inventories for August will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average fell 1 point to 15,453.00, while the Standard & Poor's 500 index futures declined 1.10 points to 1,747.40. Futures for the Nasdaq 100 index gained 5.75 points to 3,376.75.

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index dropping 0.65%, London's FTSE 100 index rising 0.13% and STOXX Europe 600 Index declining 0.10%. German DAX 30 index fell 0.03% and French CAC 40 Index declined 0.13%.

Asian markets ended mostly lower today. Japan's Nikkei Stock Average tumbled 2.75%, China's Shanghai Composite fell 1.45% and Hong Kong's Hang Seng Index declined 0.60%. Australia's ASX/S&P500 rose 0.22% and India's Sensex declined 0.20%. Japan's core consumer price index increased 0.7% y/y in September, versus a 0.8% rise in August. The consumer price index rose 0.1% on a monthly basis.

Broker Recommendation

Analysts at JP Morgan downgraded United Continental Holdings (NYSE: UAL) from “neutral” to “underweight.” The target price for United Continental Holdings has been lowered from $32.50 to $25.

United Continental's shares fell 1.76% to $30.75 in pre-market trading.

Breaking news

  • Weyerhaeuser Co (NYSE: WY) reported a 34% rise in its third-quarter profit. Weyerhaeuser's quarterly profit surged to $157 million, or $0.27 per share, from $117 million, or $0.22 per share, in the year-ago period. To read the full news, click here.
  • Sorrento Therapeutics (NASDAQ: SRNE) announced the pricing of an underwritten public offering of 4,150,000 shares of common stock at an offering price of $7.25 per share. To read the full news, click here.
  • Live Nation Entertainment (NYSE: LYV) has acquired Voodoo Music & Arts Experience, New Orleans' critically-acclaimed music festival. To read the full news, click here.
  • B/E Aerospace (NASDAQ: BEAV) today announced that its Board of Directors has appointed Werner Lieberherr, who is currently President and Chief Operating Officer of B/E Aerospace, Inc., as co-Chief Executive Officer of B/E Aerospace, Inc. effective as of January 1, 2014. To read the full news, click here.

Posted-In: JP Morgan US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets


Related Articles (BEAV + LYV)

View Comments and Join the Discussion!