Market Overview

A Peek Into The Markets: US Stock Futures Signal Lower Start, Dow Futures Down 450 Points

Share:
A Peek Into The Markets: US Stock Futures Signal Lower Start, Dow Futures Down 450 Points
Related SPY
Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week
This Day In Market History: Black Monday
Explaining This Week's Price Action And A Warning On Scarce Dollars (Seeking Alpha)
Related USO
This Week In The Oil Market: Iran Loses Customers, US-Saudi Tensions Rise
A Peek Into The Markets: US Stock Futures Up Ahead Of Procter & Gamble Earnings
WTI Weekly: Balance Development Early Week Before Selling Interest Drove Price Lower To 68.53s (Seeking Alpha)

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. The ADP national employment report for March will be released at 8:15 a.m. ET. US Services Purchasing Managers' Index for March is schedule for release at 9:45 a.m. ET. Data on factory orders for February and the ISM non-manufacturing index for March will be released at 10:00 a.m. ET. St. Louis Federal Reserve Bank President James Bullard is set to speak in Little Rock, Arkansas at 9:45 a.m. ET, while Cleveland Federal Reserve Bank President Loretta Mester will speak in Wilberforce, Ohio at 11:00 a.m. ET.

Futures for the Dow Jones Industrial Average fell 455 points to 23,529.00, while the Standard & Poor’s 500 index futures dropped 37.75 points to 2,575.50. Futures for the Nasdaq 100 index dipped 111 points to 6,355.75.

Oil prices traded lower as Brent crude futures fell 1.42 percent to trade at $67.15 per barrel, while US WTI crude futures fell 1.54 percent to trade at $62.53 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.

 

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 1.07 percent, STOXX Europe 600 Index dropping 1.19 percent and German DAX 30 index falling 1.55 percent. The UK's FTSE index was trading lower by 0.61 percent, while French CAC 40 Index fell 1.03 percent.

In Asian markets, Japan’s Nikkei Stock Average rose 0.13 percent, Hong Kong’s Hang Seng Index dropped 2.19 percent, China’s Shanghai Composite Index fell 0.18 percent and India’s BSE Sensex fell 1.05 percent.

Broker Recommendation

Analysts at Mizuho downgraded Endo International plc (NASDAQ: ENDP) from Buy to Neutral.

Endo shares fell 3.32 percent to $5.53 in pre-market trading.

Breaking news

  • Lennar Corporation (NYSE: LEN) reported upbeat earnings for its first quarter on Wednesday.
  • SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) announced the pricing of 26.315 million share common stock offering at $47.50 per share.
  • Dave & Buster's Entertainment Inc (NASDAQ: PLAY) reported upbeat earnings for its fourth quarter, while sales missed estimates.
  • RMG Networks Holding Corp (NASDAQ: RMGN) agreed to be acquired by SCG Digital for $1.27 per share.

Posted-In: A Peek Into The Markets mizuho U.S. stock futuresNews Eurozone Global Pre-Market Outlook Markets

 

Related Articles (DIA + ENDP)

View Comments and Join the Discussion!

China ETFs Dealing With Trade Tensions

35 Biggest Movers From Yesterday