Market Overview

US Stock Futures Down; FOMC Minutes In Focus

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US Stock Futures Down; FOMC Minutes In Focus

Pre-open movers

US stock futures traded lower in early pre-market trade. The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET. Alcoa Inc (NYSE: AA) is expected to post its Q2 earnings today. Futures for the Dow Jones Industrial Average tumbled 146.5 points to 17,533.5, while the Standard & Poor's 500 index futures fell 18.60 points to 2,055.15. Futures for the Nasdaq 100 index declined 40.45 points to 4,381.80.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index surging 0.27 percent, STOXX Europe 600 Index rising 0.02 percent and German DAX 30 index gaining 0.20 percent. French CAC 40 Index climbed 0.57 percent and London's FTSE 100 Index rose 0.61 percent.

In Asian markets, Japan's Nikkei Stock Average fell 3.14 percent, Homg Kong's Hang Seng Index dropped 5.84 percent, China's Shanghai Composite Index slipped 5.90 percent and India's BSE Sensex dipped 1.72 percent.

Broker Recommendation
Analysts at Pacific Crest downgraded Tesla Motors Inc (NASDAQ: TSLA) from Overweight to Sector Weight.

Tesla Motors shares fell 2.20 percent to $262.00 in pre-market trading.

Breaking news

  • Rudolph Technologies, Inc. (NYSE: RTEC) announced today that a leading Taiwan-based outsourced assembly and test (OSAT) manufacturer has selected the JetStep® W2300 Advanced Packaging Lithography System for the development of next-generation advanced packaging technology. To read the full news, click here.
  • Prima BioMed Ltd (NASDAQ: PBMD) announced that it is offering existing eligible shareholders the opportunity to top up their existing investment in the company through a SPP. To read the full news, click here.
  • eLong, Inc. (NASDAQ: LONG) today announced the appointment of Mr. Hao Jiang as its Chief Executive Officer, effective July 8, 2015. To read the full news, click here.
  • Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) today announced that Troy Hamilton has joined the company as Chief Commercial Officer. To read the full news, click here.

Posted-In: Pacific Crest US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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