US Stock Futures Signal Lower Start On Wall Street

Pre-open movers US stock futures traded lower in early pre-market trade. The index of leading economic indicators for August will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average dropped 111.5 points to 16,446.5, while the Standard & Poor's 500 index futures fell 13.25 points to 1,964.00. Futures for the Nasdaq 100 index declined 32.25 points to 4,337.50. A Peek Into Global Markets European markets were lower today, with the Spanish Ibex Index falling 2.18 percent, STOXX Europe 600 Index falling 1.59 percent and German DAX 30 index dropping 2.46 percent. French CAC 40 Index dipped 2.44 percent and London's FTSE 100 Index fell 1 percent. In Asian markets, Japan's Nikkei Stock Average fell 1.96 percent, Hong Kong's Hang Seng Index rose 0.30 percent, China's Composite Index Index gained 0.38 percent and India's BSE Sensex climbed 0.98 percent. Broker Recommendation Analysts at Raymond James downgraded Cablevision Systems Corporation CVC from Outperform to Underperform. Cablevision shares rose 13.88 percent to close at $32.50 yesterday. Breaking news

• McKesson Corporation MCK today announced an agreement to purchase the pharmaceutical distribution division of UDG Healthcare (UDG) based in Northern Ireland (United Drug Sangers) and the Republic of Ireland (United Drug). To read the full news, click here.
• Equifax Inc. EFX confirmed that on September 17, 2015 it submitted a non-binding proposal to acquire all the outstanding shares of common stock of Veda Group Limited for AUD$2.70 per share in cash in a transaction valued at approximately AUD$2.3 billion or USD$1.6 billion. To read the full news, click here.
• Southwest Airlines LUV today announced a new tentative agreement with the Southwest Airlines Pilots' Association (SWAPA), the Union that represents the Company's Pilots. SWAPA's Board of Directors reviewed an Agreement in Principle that negotiators reached earlier this month and decided to conduct a ratification vote that could end more than three years of negotiations. To read the full news, click here.
• Adobe Systems Incorporated ADBE reported better-than-expected earnings for its fiscal third quarter. However, the company issued a weak forecast for the current quarter. To read the full news, click here.