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

Pre-open movers

U.S. stock futures traded lower in early pre-market trade, ahead of earnings from Halliburton Company HAL. Netflix, Inc. NFLX and and International Business Machines Corporation IBM will release earnings after the closing bell. Futures for the Dow Jones Industrial Average dropped 79 points to 29,200 while the Standard & Poor’s 500 index futures traded fell 12.65 points to 3,312.25. Futures for the Nasdaq 100 index declined 43.25 points to 9,131.25.

Oil prices traded lower as Brent crude futures fell 1.5% to trade at $64.24 per barrel, while US WTI crude futures fell 1% to trade at $57.95 a barrel.

A Peek Into Global Markets


European markets were lower today, with the Spanish Ibex Index falling 0.8%, STOXX Europe 600 Index declining 0.7% and German DAX 30 index dropping 0.4%. The UK's FTSE index was trading lower by 1.2%, while French CAC 40 Index slipped 1.1%.

In Asian markets, Japan’s Nikkei Stock Average fell 0.91%, Hong Kong’s Hang Seng Index dropped 2.81%, China’s Shanghai Composite Index fell 1.41% and India’s BSE Sensex fell 0.49%.


Broker Recommendation

Analysts at KeyBanc upgraded L Brands, Inc. LB from Sector Weight to Overweight and announced a $25 price target.

L Brands shares rose 2.2% to $20.60 in pre-market trading.


Breaking News

  • Ares Management Corporation ARES announced an agreement to acquire majority interest in SSG Capital Holdings Limited.
  • Axonics Modulation Technologies, Inc. AXNX reported the FDA approval of enhanced neurostimulator programmer.
  • F.N.B. Corporation FNB reported better-than-expected earnings for its fourth quarter.
  • UBS Group AG UBS reported a 129% increase in its net profit for the fourth quarter, but lowered its mid-term profitability guidance.
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Posted In: EarningsNewsEurozoneCommoditiesGlobalPre-Market OutlookMarketsA Peek Into The MarketsUS Stock Futures
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