US Stock Futures Tumble Ahead Of Durable-Goods Orders, Jobless Claims Data - Canadian Imperial Bank (NYSE:CM)

Pre-open movers

US stock futures fell in early pre-market trading, ahead of economic data. Data on durable goods orders for January and weekly jobless claims will be released at 8:30 a.m. ET. The Kansas City Fed manufacturing index for February will be released at 11:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 59 points to 16,119.00, while the Standard & Poor's 500 index futures fell 6.90 points to 1,835.00. Futures for the Nasdaq 100 index declined 8.75 points to 3,665.00.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index dropping 1.25%, London's FTSE 100 index dropping 0.80% and STOXX Europe 600 Index declining 0.90%. German DAX 30 index fell 1.39% and French CAC 40 Index declined 0.77%. German unemployment declined 14,000 in February, versus an unrevised drop of 28,000 in January. Asian markets ended mostly higher today. Japan's Nikkei Stock Average declined 0.32%, Hong Kong's Hang Seng Index rose 1.74% and China's Shanghai Composite Index climbed 0.30%.

Broker Recommendation

Analysts at Credit Suisse upgraded WellCare Health Plans

WCG

from “neutral” to “outperform.” The price target for WellCare Health has been lowered from $77 to $70. WellCare Health's shares closed at $59.20 yesterday.

Breaking news

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