Market Overview

A Peek Into The Markets: U.S. Stock Futures Edge Lower Ahead Of McDonald's, Yahoo! Earnings

A Peek Into The Markets: U.S. Stock Futures Edge Lower Ahead Of McDonald's, Yahoo! Earnings
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Pre-open movers

U.S. stock futures traded slightly lower in early pre-market trade, ahead of earnings from McDonald's Corporation (NYSE: MCD) and Yahoo! Inc. (NASDAQ: YHOO).

Futures for the Dow Jones Industrial Average dropped 13 points to 19,733.00, while the Standard & Poor’s 500 index futures fell 4 points to 2,262.25. Futures for the Nasdaq 100 index declined 10 points to 5,048.25.

Oil prices traded lower as Brent crude futures dropped 0.79 percent to trade at $55.05 per barrel, while US WTI crude futures also fell 1.11 percent to trade at $52.63 a barrel.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index dropping 0.33 percent, STOXX Europe 600 Index declining 0.26 percent and German DAX 30 index dropping 0.41 percent. The UK's FTSE index was trading lower by 0.39 percent, while French CAC 40 Index fell 0.32 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 1.29 percent, Hong Kong’s Hang Seng Index rose 0.06 percent, China’s Shanghai Composite Index gained 0.44 percent and India’s BSE Sensex rose 0.31 percent.

Broker Recommendation

Analysts at Morgan Stanley upgraded DISH Network Corp (NASDAQ: DISH) from Equal-Weight to Overweight.

DISH shares fell 2.50 percent to close at $60.14 on Friday.

Breaking news

  • Halliburton Company (NYSE: HAL) reported better-than-expected earnings for its fourth quarter, but sales missed expectations.
  • AMC Entertainment Holdings Inc (NYSE: AMC) announced plans to buy Nordic Cinema Group for $929 million in cash.
  • Verizon Communications Inc's (NYSE: VZ) $4.83 billion acquisition of Yahoo! Inc. (NASDAQ: YHOO) could close soon, according to a report from the NY Post on Sunday. The companies could provide insight into the status of the deal during their earnings calls this week.
  • Brookfield Property Partners LP (NYSE: BPY) reported that it has proposed to acquire the remaining 16.9 percent of unowned Brookfield Canada Office Properties (NYSE: BOXC) for $30.10 cash per unit.

Posted-In: Earnings News Eurozone Futures M&A Global Pre-Market Outlook Markets


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