A Peek Into The Markets: US Stock Futures Down Ahead Of Economic Data, Fed Speakers

Pre-open movers

Futures for the Dow Jones Industrial Average dipped 91 points to 34,652.00 while the Standard & Poor’s 500 index futures fell 26 points to 4,407.00. Futures for the Nasdaq 100 index fell 173.25 points to 15,021.50.

The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 43,116,440 with around 690,430 deaths. India reported a total of at least 33,697,580 confirmed cases, while Brazil confirmed over 21,366,390 cases.

Oil prices traded higher as Brent crude futures rose 0.9% to trade at $79.43 per barrel, while US WTI crude futures rose 1.1% to trade at $76.26 a barrel. The API’s report on crude oil inventories will be released today.

A Peek Into Global Markets


European markets were lower today. The Spanish Ibex Index fell 0.9% and STOXX Europe 600 Index dipped 1.1%. The French CAC 40 Index declined 1.2%, London’s FTSE 100 fell 0.3% while German DAX 30 dropped 0.8%. The GfK Consumer Climate Indicator for Germany increased to 0.3 for October versus a revised reading of -1.1 in September, while French consumer confidence indicator rose by 3 points to a reading of 102.0 in September.

Broker Recommendation

Citigroup upgraded Puma Biotechnology, Inc. (NASDAQ:PBYI) from Neutral to Buy.

Puma Biotechnology shares rose 4.4% to close at $7.12 on Monday.

Check out other major ratings here

 

Breaking News

 

Check out other breaking news here

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.