Pre-open movers
U.S. stock futures traded lower in early pre-market trade, ahead of earnings reports from several companies. Apple Inc. AAPL will release quarterly earnings after the closing bell. The Federal Open Market Committee will begin its two-day policy meeting today. Data on personal income and consumer spending for June will be released at 8:30 a.m. ET, while the S&P Corelogic Case-Shiller home price index for May is schedule for release at 9:00 a.m. ET. The Conference Board consumer confidence index for July and the pending home sales index for June will be released at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average dropped 41 points to 27,157, while the Standard & Poor’s 500 index futures fell 6.8 points to 3,015.00. Futures for the Nasdaq 100 index fell 32.5 points to 7,968.75.
Oil prices traded higher as Brent crude futures rose 1.14% to trade at $64.33 per barrel, while US WTI crude futures rose 1% to trade at $57.43 a barrel.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 1.6%, STOXX Europe 600 Index dropping 0.8% and German DAX 30 index dropping 1.2%. The UK's FTSE index was trading higher by 0.1%, while French CAC 40 Index fell 0.6%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.43%, Hong Kong’s Hang Seng Index rose 0.14%, China’s Shanghai Composite Index gained 0.39% and India’s BSE Sensex fell 0.77%.
Broker Recommendation
Analysts at Barclays upgraded Zimmer Biomet Holdings Inc ZB from Underweight to Equal-Weight and raised the price target from $117 to $140.
Zimmer Biomet shares rose 0.1 percent to close at $134.53 on Monday.
Breaking News
- Procter & Gamble Co PG reported better-than-expected Q4 results.
- Altria Group Inc MO reported in-line earnings for its second quarter, while sales exceeded views.
- Merck & Co., Inc. MRK reported upbeat earnings for its second quarter.
- ConocoPhillips COP announced weaker-than-expected earnings for its second quarter.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
