Skip to main content

Market Overview

US Stock Futures Down; Dish Swings To Q3 Net Profit

Share:
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)

View Comments and Join the Discussion!

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

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com