A Peek Into The Market Before The Trading Starts

Pre-open movers

US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 107 points to 11,296.00 and S&P 500 index futures fell 16.20 points to 1,182.20. Nasdaq 100 futures dropped 27.75 points to 2,178.75.

A Peek Into Global Markets

European markets were lower today. The STOXX Europe 600 Index dropped 1.49%, London's FTSE 100 Index moved down 1.17%, French CAC 40 index fell 1.80% and German DAX 30 index dropped 2.53%. Most Asian markets ended lower, with Japan's Nikkei Stock Average rising 0.1781%, Australia's S&P/ASX 200 moving down 0.68% and China's Shanghai Composite dropping 0.71%. Hong Kong's Hang Seng Index fell 0.2370% and India's Sensex declined 0.44%.

Broker Recommendation

Analysts at Benchmark Company upgraded Hess Corporation

HES

from “sell” to “buy.” The target price for Hess has been raised from $64 to $70. Hess shares gained 5.56% to close at $60.21 yesterday.

Breaking news

Home Depot Inc HD reported a 14% rise in its fiscal-second-quarter net income. To read the full news, click here.
QIAGEN QGEN today announced it has entered into a partnership with Pfizer Inc. PFE for the development of a companion molecular diagnostic test for use with an investigational Pfizer compound in global clinical development for treatment of non-small cell lung cancer. To read the full news, click here.
The J. M. Smucker Company SJM announced today that it decreased the list price for the majority of its coffee products sold in the United States, primarily consisting of items sold under the Folgers, Dunkin' Donuts, and Folgers Gourmet Selections brand names. To read the full news, click here.
Wal-Mart Stores Inc WMT reported a 5.7% rise in its fiscal second-quarter net income. To read the full news, click here.

Market News and Data brought to you by Benzinga APIs

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