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US Stock Futures Edge Lower Ahead Of Industrial Production, Consumer Sentiment Data

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US Stock Futures Edge Lower Ahead Of Industrial Production, Consumer Sentiment Data
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Pre-open movers

US stock futures traded lower in early pre-market trade. Data on industrial production for September will be released at 9:15 a.m. ET, while the University of Michigan's consumer sentiment index for October will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dipped 21.5 points to 17,047.5, while the Standard & Poor's 500 index futures fell 3.50 points to 2,015.50. Futures for the Nasdaq 100 index declined 1.62 points to 4,410.13.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.66 percent, STOXX Europe 600 Index gaining 0.36 percent and German DAX 30 index climbing 0.05 percent. French CAC 40 Index gained 0.21 percent and London's FTSE 100 Index rose 0.43 percent.

In Asian markets, Japan's Nikkei Stock Average rose 1.08 percent, Hong Kong's Hang Seng Index rose 0.78 percent, China's Shanghai Composite Index jumped 1.60 percent and India's BSE Sensex surged 0.76 percent.

Broker Recommendation
Analysts at Credit Suisse upgraded Lululemon Athletica inc. (NASDAQ: LULU) from Neutral to Outperform and raised the price target from $57.00 to $64.00.

Lululemon Athletica shares rose 1.90 percent to close at $52.52 yesterday.

Breaking news

  • General Electric Company (NYSE: GE) reported upbeat earnings for the third quarter on Friday. To read the full news, click here.
  • Honeywell International Inc. (NYSE: HON) reported a rise in its profit for the third quarter on Friday. To read the full news, click here.
  • Alibaba Group Holding Ltd (NYSE: BABA) today announced that it made a non-binding proposal to the board of directors of Youku Tudou Inc (ADR) (NYSE: YOKU) to acquire all outstanding shares of Youku, including shares represented by American depositary shares, that it does not already own for US$26.60 per ADS in an all-cash transaction. To read the full news, click here.
  • SunTrust Banks, Inc. (NYSE: STI) reported stronger-than-expected earnings for the third quarter on Friday. To read the full news, click here.

Posted-In: Credit Suisse US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

 

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