US Stock Futures Down Ahead Of Business Inventories Data

Pre-open movers

US stock futures traded lower in early pre-market trade. Data on business inventories for February will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 35.50 points to 17,874.50, while the Standard & Poor's 500 index futures fell 5.35 points to 2,081.15. Futures for the Nasdaq 100 index slipped 7.05 points to 4,396.20.

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 1.20%, STOXX Europe 600 Index dropping 0.39% and German DAX 30 index dropping 0.50%. French CAC 40 Index slipped 0.64% and London's FTSE 100 Index rose 0.23%.

In Asian markets, Japan's Nikkei Stock Average rose 0.02%, China's Shanghai Composite Index jumped 0.34%, Hong Kong's Hang Seng Index slipped 1.62%.

Broker Recommendation
Analysts at Goldman Sachs downgraded Computer Sciences Corporation (NYSE: CSC) from Buy to Neutral. The price target for Computer Sciences is set to $68.

Computer Sciences shares closed at $65.40 on Friday.

Breaking news

• Wells Fargo & Co. (NYSE: WFC) reported stronger-than-expected earnings for its first quarter on Tuesday. To read the full news, click here.
• < Shares of Fastenal Co. (NASDAQ: FAST) surged more than 3 percent in pre-market trading after the company reported better-than-expected earnings for the first quarter. To read the full news, click here.
• Johnson & Johnson (NYSE: JNJ) reported better-than-expected earnings for its first quarter. However, the company lowered its earnings outlook for the year. To read the full news, click here.
• JPMorgan Chase & Co. (NYSE: JPM) reported stronger-than-expected results for its first quarter on Tuesday. To read the full news, click here.