A Peek Into The Markets: US Stock Futures Down Ahead Of Earnings

Pre-open movers

U.S. stock futures traded lower in early pre-market trade, ahead of earnings from Halliburton Company HAL and International Business Machines Corporation IBM. The Chicago Fed National Activity Index for March is scheduled for release at 8:30 a.m. ET.

The U.S. is now the epicenter of the coronavirus pandemic with the highest number of cases and deaths around the world. Total COVID-19 cases in the U.S. exceeded 759,760 with around 40,680 deaths. Spain confirmed a total of over 200,210 cases, while Italy reported a total of at least 178,970 confirmed cases.

Futures for the Dow Jones Industrial Average dropped 248 points to 23,911 while the Standard & Poor’s 500 index futures traded fell 27.1 points to 2,843.00. Futures for the Nasdaq 100 index declined 45.5 points to 8,763.50.

Oil prices traded lower as Brent crude futures fell 3.6% to trade at $27.08 per barrel, while US WTI crude futures fell 22.8% to trade at $14.10 a barrel.


A Peek Into Global Markets


European markets were mostly higher today, with the Spanish Ibex Index falling 0.9%, STOXX Europe 600 Index climbing 0.2% and German DAX 30 index gaining 0.3%. The UK's FTSE index was trading lower by 0.2%, while French CAC 40 Index rose 0.1%.

In Asian markets, Japan’s Nikkei fell 1.15%, Hong Kong’s Hang Seng Index fell 0.21%, China’s Shanghai Composite Index rose 0.50% and India’s BSE Sensex rose 0.19%.


Broker Recommendation

Analysts at BMO Capital downgraded Gilead Sciences, Inc. GILD from Outperform to Market Perform and announced a $79 price target.

Gilead Sciences shares rose 0.7% to $84.55 in pre-market trading.


Breaking News

  • Immunic Inc IMUX reported the resignation of its CFO, Sanjay S. Patel.
  • Univision and Nielsen Holdings plc NLSN disclosed a multi-year agreement for audio measurement.
  • The FTC has approved PepsiCo, Inc. PEP acquisition of Rockstar Energy for $3.85 billion, the NY Post reported.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsEurozoneFuturesGlobalPre-Market OutlookMarketsA Peek Into The Markets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!