Market Overview

US Stock Futures Edge Lower Ahead Of Earnings, Jobless Claims

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US Stock Futures Edge Lower Ahead Of Earnings, Jobless Claims

Pre-open movers

US stock futures traded lower in early pre-market trade. Data on weekly jobless claims and nonfarm business productivity for the third quarter will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average dropped 22 points to 17,391.00, while the Standard & Poor's 500 index futures fell 4.60 points to 2,014.10. Futures for the Nasdaq 100 index declined 5.50 points to 4,137.00.

A Peek Into Global Markets

European markets were mixed today, with the Spanish Ibex Index dropping 0.05%, STOXX Europe 600 Index falling 0.30%. German DAX 30 index climbed 0.08%, French CAC 40 Index surged 0.03% and London's FTSE 100 Index dropped 0.16%.

In Asian markets, Japan's Nikkei Stock Average fell 0.86%, Hong Kong's Hang Seng Index fell 0.20% and China's Shanghai Composite Index rose 0.27%.

Broker Recommendation
Analysts at Deutsche Bank downgraded Duke Energy (NYSE: DUK) from Buy to Hold. The price target for Duke Energy has been raised from $78 to $81.

Duke Energy's shares closed at $83.50 yesterday.

Breaking news

  • BIND Therapeutics (NASDAQ: BIND) today announced a joint research and development agreement with Merck (NYSE: MRK), known as MSD outside the United States and Canada, through a subsidiary, to discover and develop novel nanomedicines for oncology. To read the full news, click here.
  • CDW (NYSE: CDW) reported better-than-expected third-quarter earnings. To read the full news, click here.
  • Omeros (NASDAQ: OMER) today announced positive data using a derivative of OMS721 in a well-established animal model of stroke. OMS721 is the company's lead human monoclonal antibody targeting mannan-binding lectin-associated serine protease-2 (MASP-2).To read the full news, click here.
  • The Wendy's Company (NASDAQ: WEN) reported weaker-than-expected earnings for the third quarter. To read the full news, click here.
 

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