A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are mixed this morning, as investors are awaiting several economic reports. Futures on the Dow Jones Industrial Average dipped 6 points to 11,825.00 and futures on the S&P 500 stock index rose 0.40 point to 1,260.30. Nasdaq 100 futures dropped 0.75 point to 2,204.25. A Peek Into Global Markets Asian markets ended lower, with Japan's Nikkei Stock Average dipping 1.70%, Australia's S&P/ASX 200 moving down 1.92% and China's Shanghai Composite dropping 1.52%. Hong Kong's Hang Seng Index fell 1.75% and India's Sensex dipped 0.76%. European markets were lower today. The STOXX Europe 600 Index has dropped 0.84%, London's FTSE 100 Index moved down 1.24%, German DAX 30 index fell 0.74% and France CAC 40 index declined 0.95%. Broker Recommendation Analysts at Robert W. Baird downgraded Korn/Ferry International KFY from “outperform” to “neutral.” The target price for Korn/Ferry has been lowered from $26 to $25. Korn/Ferry shares dropped 1.92% to $22.51 in after-hours trading. Breaking news

• Pier 1 Imports Ltd PIR reported an 84% surge in its fiscal first-quarter net income on Thursday. To read the full news, click here.
• Boeing Co BA lifted its projections for the global commercial aircraft market over the next 20 years. To read the full news, click here.
• Energy Transfer Equity, L.P. ETE and Southern Union Company SUG today announced that the two companies have entered into a definitive merger agreement whereby ETE will acquire Southern Union for $7.9 billion, including approximately $3.7 billion of existing SUG debt, creating the premier group of integrated midstream companies in the United States natural gas industry. To read the full news, click here.
• Cubist Pharmaceuticals, Inc. CBST today announced positive top-line results from the recently completed Phase 2 studies of its CXA-201 and CB-183,315 antibiotic pipeline candidates. To read the full news, click here.

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