Market Overview

US Stock Futures Tumble Ahead Of Jobless Claims Report

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US Stock Futures Tumble Ahead Of Jobless Claims Report

Pre-open movers

US stock futures traded lower in early pre-market trade. Data on weekly jobless claims will be released at 8:30 a.m. ET, while the Markit PMI services index for March will be released at 10:00 a.m. ET. The Kansas City Fed manufacturing index for March will be released at 11:00 a.m. ET. Futures for the Dow Jones Industrial Average dipped 111 points to 17,538.00, while the Standard & Poor's 500 index futures fell 12.60 points to 2,041.15. Futures for the Nasdaq 100 index tumbled 43.20 points to 4,280.30.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index dropping 0.92%, STOXX Europe 600 Index falling 1.46% and German DAX 30 index dropping 1.57%. French CAC 40 Index slipped 1.30% and London's FTSE 100 Index fell 1.23%.

In Asian markets, Japan's Nikkei Stock Average slipped 1.39%, Hong Kong's Hang Seng Index dropped 0.13%, China's Shanghai Composite Index rose 0.58% and India's BSE Sensex slipped 2.33%.

Broker Recommendation
Analysts at BMO Capital downgraded Kraft Foods Group, Inc. (NASDAQ: KRFT) from Outperform to Market Perform and raised the price target from $69.00 to $88.00.

Kraft Foods shares fell 1.41% to $82.00 in pre-market trading.

Breaking news

  • Shares of Lululemon Athletica Inc. (NASDAQ: LULU) tumbled over 5% in pre-market trading, despite the company reporting better-than-expected financial results for the fourth quarter. The company's weak forecast for the current quarter and full year exerted pressure on the shares. To read the full news, click here.
  • Equifax Inc. (NYSE: EFX) announced today a partnership with the St. Louis Cardinals of Major League Baseball (MLB). To read the full news, click here.
  • SanDisk Corp. (NASDAQ: SNDK) lowered its sales forecast for the first quarter. To read the full news, click here.
  • Shares of Accenture plc (NYSE: ACN) gained over 2% in pre-market trading after the company reported better-than-expected earnings for its fiscal second quarter and lifted its sales forecast for the full year. To read the full news, click here.

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

 

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