Pre-open movers
U.S. stock futures traded lower in early pre-market trade. The Labor Department's JOLTS report for May will be released at 10:00 a.m. ET. Federal Reserve Chairman Jerome Powell is set to speak in Boston, MA at 8:45 a.m. ET, while St. Louis Federal Reserve Bank President James Bullard will speak in Saint Louis, Missouri at 10:00 a.m. ET. Atlanta Federal Reserve Bank President Raphael Bostic is set to speak in Washington University, St. Louis, Missouri at 1:00 p.m. ET, while Federal Reserve Board of Governors Vice Chairman for Supervision Randal Quarles will speak in Boston, MA at 2:00 p.m. ET.
Futures for the Dow Jones Industrial Average dropped 100 points to 26,693.00, while the Standard & Poor’s 500 index futures fell 10.9 points to 2,967.75. Futures for the Nasdaq 100 index declined 39.25 points to 7,761.75.
Oil prices traded higher as Brent crude futures rose 0.8% to trade at $64.61 per barrel, while US WTI crude futures rose 0.7% to trade at $58.05 a barrel.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 0.3%, STOXX Europe 600 Index falling 0.6% and German DAX 30 index dropping 1%. The UK's FTSE index was trading lower by 0.1%, while French CAC 40 Index slipped 0.3%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.14%, Hong Kong’s Hang Seng Index slipped 0.76%, China’s Shanghai Composite Index fell 0.18% and India’s BSE Sensex rose 0.01%.
Broker Recommendation
Analysts at RBC Capital downgraded 3M Co MMM from Outperform to Sector Perform and lowered the price target from $207 to $176.
3M shares fell 1.3 percent to $167.04 in pre-market trading.
Breaking News
- PepsiCo, Inc. PEP reported better-than-expected results for its second quarter.
- AquaVenture Holdings Ltd WAAS reported a 4.1 million share common stock offering.
- Lindsay Corporation LNN reported downbeat results for its third quarter.
- New Mountain Finance Corp. NMFC reported a common stock offering for 6 million shares.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
