Pre-open movers
U.S. stock futures traded mixed in early pre-market trade. The Chicago Fed National Activity Index for August is schedule for release at 8:30 a.m. ET, while the flash Composite Purchasing Managers' Index for September will be released at 9:45 a.m. ET. New York Federal Reserve Bank President John Williams is set to speak in New York at 9:50 a.m. ET, while St. Louis Federal Reserve Bank President James Bullard will speak in Effingham, Illinois at 1:00 p.m. ET. San Francisco Federal Reserve Bank President Mary Daly is set to speak in Salem, Oregon at 2:30 p.m. ET.
Futures for the Dow Jones Industrial Average dropped 25 points to 26,869 while the Standard & Poor’s 500 index futures traded flat at 2,989.50. Futures for the Nasdaq 100 index gained 10.25 points to 7,840.75.
Oil prices traded lower as Brent crude futures fell 0.3% to trade at $63.04 per barrel, while US WTI crude futures fell 0.5% to trade at $57.80 a barrel.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index falling 0.9%, STOXX Europe 600 Index declining 0.9% and German DAX 30 index dropped 1.2%. The UK's FTSE index was trading lower by 0.6%, while French CAC 40 Index fell 1%.
In Asian markets, Japan’s Nikkei Stock Average rose 0.16%, Hong Kong’s Hang Seng Index fell 0.81%, China’s Shanghai Composite Index dropped 0.98% and India’s BSE Sensex jumped 2.83%.
Broker Recommendation
Analysts at Goldman Sachs downgraded Illinois Tool Works Inc. ITW from Neutral to Sell.
Illinois Tool Works shares fell 2% to $151.95 in pre-market trading.
Breaking News
- Caesars Entertainment Corporation CZR reported the sale of the Rio All-Suite Hotel & Casino to principal of Imperial Companies for $516.3 million.
- Bancorpsouth Bank BXS announced plans to acquire Texas First Bancshares for $13 million in cash and 1.065 million shares of stock.
- Sellas Life Sciences Group Inc SLS disclosed a $50 million mixed securities offering.
- Scorpio Bulkers Inc. SALT announced plans to sell two Ultramax Vessels for $37.9 million.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.