US Stock Futures Signal Lower Start On Wall Street

US stock futures traded lower in early pre-market trade. Data on productivity and costs for the second quarter will be released at 8:30 a.m. ET, while wholesale inventories data for June will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dipped 98.5 points to 17,454.5, while the Standard & Poor's 500 index futures fell 10.30 points to 2,089.45. Futures for the Nasdaq 100 index declined 7.40 points to 4,558.60.

European markets were lower today, with the Spanish Ibex Index falling 0.50 percent, STOXX Europe 600 Index dropping 0.82 percent and German DAX 30 index dropping 1.49 percent. French CAC 40 Index slipped 0.92 percent and London's FTSE 100 Index fell 0.61 percent. In Asian markets, Japan's Nikkei Stock Average fell 0.42 percent, Hong Kong's Hang Seng Index declined 0.09 percent, China's Shanghai Composite Index dropped 0.01 percent and India's BSE Sensex fell 0.84 percent.

Analysts at Monness Crespi Hardt upgraded

from Neutral to Buy. Google shares gained 5.42 percent to $668.06 in pre-market trading.