A Peek Into The Markets: U.S. Stock Futures Signal Lower Start On Wall Street

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. Futures for the Dow Jones Industrial Average dipped 82 points to 20,849.00, while the Standard & Poor’s 500 index futures fell 10 points to 2,386.50. Futures for the Nasdaq 100 index declined 18.50 points to 5,704.75.

Oil prices traded higher as Brent crude futures rose 0.72 percent to trade at $48.92 per barrel, while US WTI crude futures gained 0.53 percent to trade at $48.92 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 0.32 percent, STOXX Europe 600 Index declining 0.28 percent and German DAX 30 index dropping 0.34 percent. The UK's FTSE index was trading lower by 0.04 percent, while French CAC 40 Index fell 0.44 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 0.53 percent, Hong Kong’s Hang Seng Index fell 0.17 percent, China’s Shanghai Composite Index declined 0.27 percent and India’s BSE Sensex rose 0.25 percent.

Broker Recommendation

Analysts at Macquarie downgraded Walt Disney Co DIS from Outperform to Neutral.

Disney shares fell 1.37 percent to $106.50 in pre-market trading.

Breaking news

Target Corporation TGT reported stronger-than-expected results for its first quarter.

Red Robin Gourmet Burgers, Inc. RRGB reported upbeat results for its first quarter on Tuesday.

Jack in the Box Inc. JACK posted better-than-expected earnings for its second quarter. The company also disclosed that it has retained Morgan Stanley to evaluate potential alternatives for Qdoba.