Market Overview

US Stock Futures Signal Lower Start On Wall Street

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US Stock Futures Signal Lower Start On Wall Street
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Pre-open movers

US stock futures traded lower in early pre-market trade. The FHFA House Price Index for July will be released at 9:00 a.m. ET. Futures for the Dow Jones Industrial Average dipped 223.5 points to 16,232.5, while the Standard & Poor's 500 index futures fell 28 points to 1,935.00. Futures for the Nasdaq 100 index dropped 75 points to 4,266.25.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index declining 2.56 percent, STOXX Europe 600 Index falling 2.22 percent and German DAX 30 index dropping 2.54 percent. French CAC 40 Index slipped 2.87 percent and London's FTSE 100 Index fell 2.03 percent.

In Asian markets, Hong Kong's Hang Seng Index rose 0.18 percent, China's Composite Index Index gained 0.92 percent and India's BSE Sensex declined 2.07 percent.

Broker Recommendation
Analysts at Deutsche Bank downgraded Infoblox Inc (NYSE: BLOX) from Buy to Hold and lowered the price target from $30.00 to $20.00.

Infoblox shares fell 1.88 percent to close at $17.77 yesterday.

Breaking news

  • Darden Restaurants, Inc. (NYSE: DRI) reported better-than-expected results for its fiscal first quarter and lifted its earnings forecast for the full year. To read the full news, click here.
  • VolitionRx Limited (NYSE: VNRX) today announced the Company's first CE Mark for its blood-based diagnostic assay, NuQ®X001S, for detection of colorectal cancer. To read the full news, click here.
  • Impax Laboratories, Inc. (NASDAQ: IPXL) today announced that the U.S. Food and Drug Administration (FDA) has approved its generic version of Testred Capsules 10 mg. To read the full news, click here.
  • Red Hat Inc (NYSE: RHT) reported better-than-expected results for its second quarter and issued a strong forecast on Monday. To read the full news, click here.

Posted-In: Deutsche Bank US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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