US Stock Futures Edge Lower Ahead of Economic Data
US stock futures dropped in early pre-market trade, ahead of economic data. Data on weekly jobless claims will be released at 8:30 a.m. ET, while the Markit PMI manufacturing index for December will be released at 8:58 a.m. ET. The ISM manufacturing composite index for December and construction spending data for November will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 13 points to 16,481.00, while the Standard & Poor's 500 index futures declined 1.50 points to 1,839.60. Futures for the Nasdaq 100 index fell 7.50 points to 3,576.25.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 0.76%, London's FTSE 100 index dropping 0.42% and STOXX Europe 600 Index dipping 0.30%. German DAX 30 index declined 0.45% and French CAC 40 Index dropped 0.97%. Spanish manufacturing PMI surged to 50.8 in December, versus 48.6 in November. The euro-zone final reading of manufacturing PMI climbed to 52.7 in December, versus November's reading of 51.6. UK's manufacturing PMI dropped to 57.3 in December, versus a revised 58.1 in November.
Asian markets ended mostly lower today. China's Shanghai Composite dropped 0.31%, Hong Kong's Hang Seng Index gained 0.14% and India's BSE Sensex fell 1.19%. China's manufacturing PMI came in at 50.5 in December, versus the final reading of 50.8 in November, HSBC reported.
Analysts at Wells Fargo downgraded Apple (NASDAQ: AAPL) from “outperform” to “market perform.”
Apple's shares rose 0.35% to $556.44 in pre-market trading.
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