A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures dropped Thursday after a purchasing managers' survey signaled a slowdown in Eurozone growth, fueling investor concerns. Futures on the Dow Jones Industrial Average dropped 86 points to 10,587 and S&P 500 futures slipped 10.60 points to 1,119. Nasdaq 100 futures declined 13.50 points to 1,966. A Peek Into Global Markets Negative sentiments ruled the European markets today. While STOXX Europe 600 Index has lost 1.10%, London's FTSE 100 Index moved down 1.32%. Most of the Asian markets ended in the positive territory, with Japan's Nikkei Stock Average losing 0.37%, Australia's S&P/ASX 200 moving up 0.11% and China's Shanghai Composite gaining 0.11%. Broker Recommendation Bed Bath & Beyond BBBY reported its Q2 results yesterday and Piper Jaffray is rating the stock at Neutral with a $47 price target. Risks to achieving the target price include macroeconomic variables that could impact financial performance, reliance on key management, and top-line trends contingent on a category resurgence in the home furnishings sector. Bed Bath & Beyond closed Wednesday at $42.05 Breaking news

• McDonald's Corp MCD has announced a hike in its quarterly dividend by 11%. To read the full news, click here.
• Texas Industries, Inc. TXI today reported financial results for the quarter ended August 31, 2010. To read the full news, click here.
• Jobless claims came in worse than expected, and that was the fuel the bears needed to worsen the equity futures. To read the full news, click here.
• Cisco CSCO today announced it has completed its acquisition of privately-held ExtendMedia. To read the full news, click here.

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