US Stock Futures Tumble Ahead Of Producer Prices, Consumer Sentiment Data

US stock futures traded lower in early pre-market trade. The producer price index for November will be released at 8:30 a.m. ET, while the Reuters/University of Michigan's consumer sentiment index for December will be released at 9:55 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 123 points to 17,386.00, while the Standard & Poor's 500 index futures fell 13.40 points to 2,010.60. Futures for the Nasdaq 100 index dipped 33.50 points to 4,199.25.

European markets were lower today, with the Spanish Ibex Index falling 1.27%, STOXX Europe 600 Index dropping 1.46%. German DAX 30 index slipped 1.20%, French CAC 40 Index slipped 1.49% and London's FTSE 100 Index fell 1.49%. In Asian markets, Japan's Nikkei Stock Average rose 0.66%, Hong Kong's Hang Seng Index tumbled 0.27%, China's Shanghai Composite Index climbed 0.42% and India's Sensex slipped 0.91%. Chinese industrial output climbed 7.2% y/y in November, versus a 7.7% growth in October. The country's retail sales climbed 11.7% y/y in the month.

Analysts at Telsey upgraded Lululemon Athletica

from Market Perform to Outperform. The price target for Lululemon has been raised from $45 to $60. Lululemon's shares closed at $50.96 yesterday.