US Stock Futures Fall Ahead Of GDP Data

US stock futures declined in early pre-market trading, ahead of economic data. Data on revised Q4 GDP will be released at 8:30 a.m. ET, while the Chicago PMI for February will be released at 9:45 a.m. ET. The Reuter's/University of Michigan's consumer sentiment index for February will be released at 9:55 a.m. ET, while the pending home sales index for January will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 29 points to 16,243.00, while the Standard & Poor's 500 index futures fell 4.10 points to 1,849.80. Futures for the Nasdaq 100 index declined 8.50 points to 3,693.00.

European markets were lower today, with the Spanish Ibex Index dropping 1.45%, London's FTSE 100 index dropping 0.21% and STOXX Europe 600 Index declining 0.48%. German DAX 30 index fell 0.12% and French CAC 40 Index declined 0.59%. Euro-zone inflation remained at 0.8% in February. French consumer spending declined 2.1% in January. Italian unemployment rate climbed to 12.9% in January. Asian markets ended mostly higher today. Japan's Nikkei Stock Average declined 0.55%, Hong Kong's Hang Seng Index rose 0.04%, China's Shanghai Composite Index climbed 0.44% and India's BSE Index surged 0.43%. Japan's core consumer price index climbed 1.3% y/y in January, while retail sales surged 4.4% y/y in January.

Analysts at Jefferies downgraded Deckers Outdoor

from “buy” to “hold.” The price target for Deckers Outdoor has been lowered from $100 to $75. Deckers Outdoor's shares fell 13.50% to $73.24 in pre-market trading.