Market Overview

US Stock Futures Down Ahead Of Factory Orders Data

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US Stock Futures Down Ahead Of Factory Orders Data
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Pre-open movers

US stock futures traded lower in early pre-market trade. Data on motor vehicle sales for October will be released today, while data on factory orders for September will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dipped 25 points to 17,710.0, while the Standard & Poor's 500 index futures fell 3.50 points to 2,092.00. Futures for the Nasdaq 100 index declined 10.75 points to 4,683.25.

A Peek Into Global Markets

European markets were mostly lower today, with the Spanish Ibex Index rising 0.08 percent, STOXX Europe 600 Index surging 0.02 percent and German DAX 30 index dropping 0.29 percent. French CAC 40 Index slipped 0.04 percent and London's FTSE 100 Index fell 0.13 percent.

In Asian markets, Hong Kong's Hang Seng Index gained 0.89 percent, China's Shanghai Composite Index dipped 0.25 percent and India's BSE Sensex gained 0.12 percent.

Broker Recommendation
Analysts at Bank of America downgraded UBS Group AG (USA) (NYSE: UBS) from Neutral to Underperform.

UBS shares fell 5.83 percent to $19.22 in pre-market trading.

Breaking news

  • Fitbit Inc (NYSE: FIT) reported stronger-than-expected results for the third quarter on Monday. The company also announced a follow-on public offering of its common stock. To read the full news, click here.
  • American Eagle Outfitters (NYSE: AEO) today announced the acquisition of Tailgate Clothing Company, which owns and operates Tailgate, a vintage, sports-inspired apparel brand with a college town store concept, and Todd Snyder New York, a premium menswear brand. To read the full news, click here.
  • Activision Blizzard, Inc. (NASDAQ: ATVI) and King Digital Entertainment PLC (NYSE: KING) announced Monday, the signing of a definitive agreement under which ABS Partners C.V., a wholly owned subsidiary of Activision Blizzard, will acquire all of the outstanding shares of King for $18.00 in cash per share, for a total equity value of $5.9 billion. To read the full news, click here.
  • RetailMeNot Inc (NASDAQ: SALE) reported better-than-expected earnings for the third quarter on Tuesday. To read the full news, click here.

Posted-In: US Stock FuturesEarnings News Eurozone Futures Global Pre-Market Outlook Markets

 

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