US Stock Futures Edge Lower Ahead Of Earnings

Pre-open movers US stock futures traded slightly lower in early pre-market trade. Futures for the Dow Jones Industrial Average dropped 11 points to 16,470.00, while the Standard & Poor's 500 index futures fell 1.50 points to 1,880.80. Futures for the Nasdaq 100 index declined 3 points to 3,610.25. A Peek Into Global Markets European markets were mostly lower today, with the Spanish Ibex Index rising 0.14%, STOXX Europe 600 Index falling 0.05%. German DAX 30 index tumbled 0.21%, French CAC 40 Index fell 0.32% and London's FTSE 100 Index dropped 0.47%. UK's annual rate of inflation rose to 1.8% in April versus 1.6% a month ago. In Asian markets, Japan's Nikkei Stock Average gained 0.49%, Hong Kong's Hang Seng Index rose 0.57%, China's Shanghai Composite Index surged 0.15% and India's BSE Sensex gained 0.06%. Broker Recommendation Analysts at Wells Fargo downgraded J.C. Penney Company JCP from “market perform” to “underperform.” J.C. Penney's shares gained 0.43% to $9.40 in pre-market trading. Breaking news

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