US Stock Futures Decline Ahead Of Economic Data

Pre-open movers US stock futures traded lower in early pre-market trade. The Chicago Fed National Activity Index for October will be released at 8:30 a.m. ET, while the PMI manufacturing index for November will be released at 9:45 a.m. ET. Data on existing home sales for October will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dipped 48 points to 17,753.0, while the Standard & Poor's 500 index futures fell 5.75 points to 2,083.00. Futures for the Nasdaq 100 index declined 11.25 points to 4,678.25. A Peek Into Global Markets European markets were lower today, with the Spanish Ibex Index falling 0.24 percent, STOXX Europe 600 Index declining 0.58 percent and German DAX 30 index dropping 0.43 percent. French CAC 40 Index slipped 0.87 percent and London's FTSE 100 Index fell 0.68 percent. In Asian markets, Hong Kong's Hang Seng Index fell 0.39 percent, China's Shanghai Composite Index dipped 0.56 percent and India's BSE Sensex fell 0.19 percent. Broker Recommendation Analysts at Credit Suisse upgraded Kellogg Company K from Neutral to Outperform. The price target for Kellogg has been raised from $72 to $76. Kellogg shares closed at $66.25 on Friday. Breaking news

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