Pre-open movers
US stock futures traded lower in early pre-market trade. The Dallas Fed manufacturing index for March is schedule for release at 10:30 a.m. ET. Chicago Federal Reserve Bank President Charles Evans is set to speak in Madrid, Spain at 1:15 p.m. ET, while Dallas Federal Reserve Bank President Dennis Kaplan will speak in College Station, Texas at 6:30 p.m. ET.
Futures for the Dow Jones Industrial Average tumbled 132 points to 20,443.00, while the Standard & Poor’s 500 index futures fell 19.25 points to 2,325.50. Futures for the Nasdaq 100 index declined 39.25 points to 5,339.50.
Oil futures traded lower, as WTI oil futures fell 0.71 percent to trade at $47.63 a barrel, while Brent crude declined 0.47 percent to $50.56 a barrel.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 0.34 percent, STOXX Europe 600 Index declining 0.50 percent and German DAX 30 index dropping 0.78 percent. French CAC 40 Index slipped 0.30 percent and London's FTSE 100 Index fell 0.65 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 1.44 percent, Hong Kong's Hang Seng Index dropped 0.68 percent, China’s Shanghai Composite Index declined 0.08 percent and India's BSE Sensex fell 0.63 percent.
Broker Recommendation
RBC Capital initiated coverage on Snap Inc SNAP with an Outperform rating.
Snap shares gained 5.10 percent to $23.90 in pre-market trading.
Breaking news
- Reuters reported that Evolent Health Inc EVH is exploring a merger with The Advisory Board Company ABCO, according to sources.
- G-III Apparel Group, Ltd. GIII reported downbeat results for its fourth quarter on Monday.
- The GEO Group GEO reported 3 for 2 stock split.
- Camtek LTD. CAMT reported an offering of up to $50 million.
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