A Peek Into The Market Before The Trading Starts

Pre-open movers

US stock futures are lower this morning, as investors are awaiting durable-goods data. Futures on the Dow Jones Industrial Average dropped 23 points to 12,304.00 and futures on the S&P 500 stock index fell 2.80 points to 1,310.80. Nasdaq 100 futures declined 3 points to 2,298.75.

A Peek Into Global Markets

Most Asian markets ended lower, with Japan's Nikkei Stock Average dropping 0.57%, Australia's S&P/ASX 200 moving down 0.99% and China's Shanghai Composite declining 0.91%. Hong Kong's Hang Seng Index rose 0.07% and India's Sensex dropped 0.91%. European markets were higher today. The STOXX Europe 600 Index has gained 0.32%, London's FTSE 100 Index moved up 0.02%.

Broker Recommendation

Analysts at Piper Jaffray upgraded Career Education Corporation

CECO

from “underweight” to “neutral.” The target price for CECO has been raised from $20 to $25. CECO shares gained 3.93% to close at $21.96 yesterday.

Breaking news

Costco Wholesale Corp COST reported a 5.9% rise in its fiscal third-quarter net profit on Wednesday. Costco reported its quarterly net profit at $324 million, or $0.73 per share, up from $306 million, or $0.68 per share, in the year-earlier period. To read the full news, click here.
VIVUS, Inc. VVUS today announced positive results from a phase 3, placebo-controlled clinical trial of the investigational drug avanafil for the treatment of erectile dysfunction in patients following a radical prostatectomy. To read the full news, click here.
Hormel Foods Corp HRL reported a 41% rise in its fiscal second-quarter net profit and raised its projections on Wednesday. To read the full news, click here.
French finance minister Christine Lagarde announced her candidacy for the Managing Director of the International Monetary Fund Wednesday, defying a growing chorus of critics who challenge traditional European leadership. To read the full news, click here.

from Benzinga's Markets.

Market News and Data brought to you by Benzinga APIs

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