A Peek Into The Markets: U.S. Stock Futures Edge Lower On Election Day

Pre-open movers

U.S. stock futures traded slightly lower in early pre-market trade. Chicago Fed President Charles Evans is set to speak at the Council of Foreign Relations, in New York at 7:45 a.m. ET. The Labor Department's JOLTS report for September will be released at 10:00 a.m. ET. Chicago Fed President Charles Evans is set to speak at the UBS Knowledge Network event "Luncheon Discussion with Charles Evans" in New York at 12:20 p.m. ET.

Futures for the Dow Jones Industrial Average dropped 18 points to 18,181.00, while the Standard & Poor’s 500 index futures slipped 3.75 points to 2,126.25. Futures for the Nasdaq 100 index declined 7.50 points to 4,770.00.

Oil prices traded higher as Brent crude futures declined 0.39 percent to trade at $45.97 per barrel, while US WTI crude futures also fell 0.47 percent to trade at $44.68 a barrel.

A Peek Into Global Markets

European markets were mixed today, with the Spanish Ibex Index dropping 0.41 percent, STOXX Europe 600 Index rising 0.01 percent and German DAX 30 index declining 0.19 percent. The UK's FTSE index was trading higher by 0.14 percent, while French CAC 40 Index slipped 0.09 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.03 percent, Hong Kong’s Hang Seng Index gained 0.47 percent, China’s Shanghai Composite Index gained 0.46 percent and India’s BSE Sensex rose 0.48 percent.

Broker Recommendation

Analysts at Citigroup downgraded Goldman Sachs Group Inc GS from Buy to Neutral.

Goldman Sachs shares fell 0.54 percent to $180.50 in pre-market trading.

Breaking news

• CVS Health Corp CVS delivered better than expected EPS for the third quarter though revenue missed. However, the company offered downbeat guidance for the fourth quarter and next year. To read the full news, click here.



• Hertz Global Holdings, Inc HTZ on Monday night reported worst than expected results for the third quarter and provided downbeat forecast for the full year. To read the full news, click here.



• Valeant Pharmaceuticals Intl Inc VRX reported weaker-than-expected earnings for its third quarter and lowered its full year fiscal 2016 guidance. To read the full news, click here.



• Priceline Group Inc PCLN reported stronger-than-expected earnings for its third quarter. The firm’s interim CEO, Brett Keller, has been named Chief Executive Officer of Priceline.com, and will respond to the company’s Interim CEO and Chairman of the Board Jeffery H. Boyd. To read the full news, click here.