Market Overview

A Peek Into The Markets: U.S. Stock Futures Edge Lower Ahead Of Existing-Home Sales Data

A Peek Into The Markets: U.S. Stock Futures Edge Lower Ahead Of Existing-Home Sales Data

Pre-open movers

U.S. stock futures traded slightly lower in early pre-market trade. Data on existing home sales for May will be released at 10:00 a.m. ET.

Futures for the Dow Jones Industrial Average slipped 7 points to 21,430.00, while the Standard & Poor’s 500 index futures fell 4.25 points to 2,433.25. Futures for the Nasdaq 100 index declined 11 points to 5,721.75.

Oil prices traded lower as Brent crude futures fell 0.09 percent to trade at $45.98 per barrel, while US WTI crude futures dropped 0.07 percent to trade at $43.48 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.65 percent, STOXX Europe 600 Index declining 0.50 percent and German DAX 30 index dropping 0.52 percent. The UK's FTSE index was trading lower by 0.55 percent, while French CAC 40 Index fell 0.79 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.45 percent, Hong Kong’s Hang Seng Index declined 0.57 percent, China’s Shanghai Composite Index rose 0.52 percent and India’s BSE Sensex slipped 0.04 percent.

Broker Recommendation

Analysts at Bank of America downgraded Intel Corporation (NASDAQ: INTC) from Buy to Neutral.

Intel shares fell 1.43 percent to $34.36 in pre-market trading.

Breaking news

  • Adobe Systems Incorporated (NASDAQ: ADBE) reported better-than-expected results for its second quarter and issued a strong forecast for the current quarter.
  • Sarepta Therapeutics Inc (NASDAQ: SRPT) and Genethon disclosed a gene therapy research collaboration for the treatment of Duchenne muscular dystrophy.
  • Red Hat Inc (NYSE: RHT) reported stronger-than-expected results for its first quarter and raised its guidance for the year.
  • Winnebago Industries, Inc. (NYSE: WGO) reported better-than-expected results for its third quarter.


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Posted-In: Earnings News Guidance Eurozone Futures Global Pre-Market Outlook Markets