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Market Overview

US Stock Futures Down; Dish Swings To Q3 Net Profit

US Stock Futures Down; Dish Swings To Q3 Net Profit

Pre-open movers

US stock futures declined in early pre-market trade. The NFIB Small Business Optimism Index for October will be released at 7:30 a.m. ET, while the Chicago Fed National Activity Index will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 18 points to 15,705.00, while the Standard & Poor's 500 index futures fell 3.80 points to 1,763.80. Futures for the Nasdaq 100 index fell 7 points to 3,347.25.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.84%, London's FTSE 100 index dropping 0.27% and STOXX Europe 600 Index declining 0.59%. German DAX 30 index fell 0.28% and French CAC 40 Index declined 0.36%. UK's inflation fell to 2.2% in October, from 2.7% in September.

Asian markets ended mixed today. Japan's Nikkei Stock Average jumped 2.23%, China's Shanghai Composite gained 0.82%, Hong Kong's Hang Seng Index fell 0.73% and India's BSE Sensex tumbled 1.02%.

Broker Recommendation

Analysts at JP Morgan downgraded ViroPharma (NASDAQ: VPHM) from “overweight” to “neutral.” The target price for ViroPharma has been raised from $45 to $50.

ViroPharma's shares closed at $49.42 yesterday.

Breaking news

  • DISH Network (NASDAQ: DISH) posted a profit in the third quarter. DISH swung to a net income of $315 million, or $0.68 per share, versus a year-ago loss of $158 million, or $0.35 per share. To read the full news, click here.
  • Pedigree Technologies today announced a collaboration with Navistar International, offering a single remote diagnostics portal that allows fleets to use existing telematics solutions to manage entire fleets more efficiently - delivering improved vehicle uptime. To read the full news, click here.
  • Fiesta Restaurant Group (NASDAQ: FRGI) today announced the launch of a public offering of up to $100 million of common stock. To read the full news, click here.
  • Del Monte and SodaStream International (NASDAQ: SODA) today announced that SodaStream will produce and distribute a portfolio of Del Monte® branded syrups. To read the full news, click here.

Related Articles (VPHM + NAV)

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

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