Market Overview

US Stock Futures Edge Lower Ahead Of ADP Data

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US Stock Futures Edge Lower Ahead Of ADP Data

Pre-open movers

US stock futures traded slightly lower in early pre-market trade. The ADP national employment report for January will be released at 8:15 a.m. ET, while the Markit PMI services index for January will be released at 9:45 a.m. ET. The ISM non-manufacturing index for January will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average slipped 6 points to 17,566.00, while the Standard & Poor's 500 index futures fell 3.80 points to 2,038.30. Futures for the Nasdaq 100 index declined 7.50 points to 4,208.75.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index dropping 0.26%, STOXX Europe 600 Index declining 0.02% and German DAX 30 index falling 0.23%. French CAC 40 Index declined 0.11% and London's FTSE 100 Index fell 0.52%.

In Asian markets, Japan's Nikkei Stock Average rose 1.98%, Hong Kong's Hang Seng Index rose 0.51%, China's Shanghai Composite Index fell 0.96% and India's BSE Sensex tumbled 0.40%. The HSBC China services PMI declined to 51.8 in January, versus 53.4 in December

Broker Recommendation
Analysts at Compass Point upgraded AthenaHealth, Inc. (NASDAQ: ATHN) from Market Perform to Outperform. The price target for AthenaHealth has been raised from $134 to $172.

AthenaHealth's shares closed at $139.85 yesterday.

Breaking news

  • Whirlpool Corp. (NYSE: WHR) reported better-than-expected earnings for the fourth quarter and reaffirmed its forecast for the full year. To read the full news, click here.
  • CACHÉ (NASDAQ: CACH) today announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the district of Delaware in Wilmington. To read the full news, click here.
  • BGC Partners (NASDAQ: BGCP) today announced that it has extended the deadline for its fully financed, all-cash tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: GFIG) for $6.10 per share to February 19, 2015. To read the full news, click here.
  • Sony Corp. (NYSE: SNE) reported a rise in its net profit for latest quarter and narrowed its loss guidance for the full year. To read the full news, click here.

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

 

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