A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 72 points to 12,231.00 and futures on the S&P 500 stock index fell 9.20 points to 1,309.80. Nasdaq 100 futures dropped 14 points to 2,295.75. A Peek Into Global Markets Negative sentiment ruled the European markets today. While STOXX Europe 600 Index has dropped 0.89%, London's FTSE 100 Index moved down 0.91%. Asian markets ended mixed, with Japan's Nikkei Stock Average dropping 0.36%, Australia's S&P/ASX 200 gaining 0.13% and China's Shanghai Composite rising 0.23%. Hong Kong's Hang Seng index fell 0.74%. Broker Recommendation Analysts at Credit Suisse upgraded KB Home KBH from “underperform” to “neutral.” The target price for KBH is set to $11. KBH shares gained 1.61% to close at $11.39 on Friday. Breaking news

• Community Health Systems, Inc. CYH today announced that it is now offering $6.00 per share in cash to acquire all outstanding shares of Tenet Healthcare Corporation THC. To read the full news, click here.
• Spacenet Inc., a wholly owned subsidiary of Gilat Satellite Networks GILT, and a leading provider of broadband network solutions, announced that it has acquired CICAT Networks, Inc., a nationwide provider of broadband network solutions based in Chantilly, Virginia. To read the full news, click here.
• Halliburton Company HAL reported its Q1 adjusted EPS at $0.61, beating the consensus of $0.58. To read the full news, click here.
• Eli Lilly & Co LLY reported its Q1 adjusted EPS at $1.24, beating the consensus of $1.16. To read the full news, click here.

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