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Market Overview

US Stock Futures Flat Ahead Of Economic Data

US Stock Futures Flat Ahead Of Economic Data

Pre-open movers

US stock futures traded mostly flat in early pre-market trade, ahead of jobless claims data. Data on retail sales and import prices for August will be released at 8:30 a.m. ET. The Reuters/University of Michigan's consumer sentiment index for September will be released at 9:55 a.m. ET, while business inventories data for July will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average gained 2 points to 16,962.00, while the Standard & Poor's 500 index futures fell 0.10 points to 1,988.90. Futures for the Nasdaq 100 index dropped 0.75 points to 4,082.75.

A Peek Into Global Markets

European markets were mixed today, with the Spanish Ibex Index rising 0.28%, STOXX Europe 600 Index gaining 0.17%. German DAX 30 index fell 0.19%, French CAC 40 Index fell 0.01% and London's FTSE 100 Index gained 0.27%. Euro-zone industrial production rose 1% in July.

In Asian markets, Japan's Nikkei Stock Average gained 0.25%, Hong Kong's Hang Seng Index dipped 0.27%, China's Shanghai Composite Index rose 0.88% and India's BSE Sensex gained 0.24%.

Broker Recommendation
Analysts at Barclays upgraded Netflix (NASDAQ: NFLX) from Underperform to Equal-weight. The target price for Netflix has been raised from $420 to $480.

Netflix's shares closed at $481.56 yesterday.

Breaking news

  • Shares of Darden Restaurants (NYSE: DRI) jumped more than 3% in pre-market trading after the company reported better-than-expected fiscal first quarter earnings. To read the full news, click here.
  • NPS Pharmaceuticals (NASDAQ: NPSP) today announced that NASDAQ has halted trading of the company's common stock. The U.S. Food and Drug Administration's (FDA) Endocrinologic and Metabolic Drugs Advisory Committee (EMDAC) is meeting today to review the company's Biologics License Application (BLA) for Natpara® (rhPTH [1-84]). To read the full news, click here.
  • ChyronHego (NASDAQ: CHYR) today announced four major player tracking deals based upon its ZXY Sport Tracking solution. To read the full news, click here.
  • Michael Kors Holdings (NYSE: KORS) today announced that Pascale Meyran has been named to the newly created role of Senior Vice President, Chief Human Resources Officer. To read the full news, click here.

Related Articles (NFLX + DRI)

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

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