Market Overview

US Stock Futures Down Ahead Of Jobless Claims

US Stock Futures Down Ahead Of Jobless Claims
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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 pending home sales index for April will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dipped 58.50 points to 18,082.50, while the Standard & Poor's 500 index futures fell 5.55 points to 2,115.45. Futures for the Nasdaq 100 index declined 8.85 points to 4,533.40.

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index falling 0.15 percent, STOXX Europe 600 Index declining 0.32 percent and German DAX 30 index dropping 0.38 percent. French CAC 40 Index slipped 0.54 percent and London's FTSE 100 Index rose 0.11 percent.

In Asian markets, Japan's Nikkei Stock Average rose 0.39 percent, China's Shanghai Composite Index dipped 6.50 percent, Hong Kong's Hang Seng Index slipped 2.23 percent and India's BSE Sensex fell 0.21 percent.

Broker Recommendation
Analysts at Morgan Stanley upgraded General Motors Company (NYSE: GM) from Underweight to Equalweight and maintained the price target of $28.00.

General Motors shares rose 0.70 percent to $36.06 in pre-market trading.

Breaking news

  • Avago Technologies Ltd (NASDAQ: AVGO) reported better-than-expected earnings for its fiscal second quarter. The company also announced its plans to acquire Broadcom Corporation (NASDAQ: BRCM) in a deal valued at $37 billion. To read the full news, click here.
  • ProMetic Life Sciences Inc. (OTC: PFSCF) announced today that it has entered into an agreement for the acquisition of Emergent BioSolutions' (NYSE: EBS) plasma collection center located in Winnipeg, Canada. To read the full news, click here.
  • Tech Data Corp (NASDAQ: TECD) reported better-than-expected results for the first quarter on Thursday. To read the full news, click here.
  • Shares of Express, Inc. (NYSE: EXPR) jumped more than 11 percent in pre-market trading after the company reported stronger-than-expected results for the first quarter and raised its outlook for the full year. To read the full news, click here.

Posted-In: Morgan Stanley US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets


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