Pre-open movers
U.S. stock futures traded slightly higher in early pre-market trade. Futures for the Dow Jones Industrial Average gained 8 points to 29,052 while the Standard & Poor’s 500 index futures traded rose 2.25 points to 3,327.75. Futures for the Nasdaq 100 index gained 15.5 points to 9,425.00.
Oil prices traded lower as Brent crude futures fell 0.8% to trade at $54.03 per barrel, while US WTI crude futures fell 0.8% to trade at $49.92 a barrel. The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 0.2%, STOXX Europe 600 Index declining 0.5% and German DAX 30 index dropping 0.4%. The UK's FTSE index was trading lower by 0.4%, while French CAC 40 Index fell 0.5%.
In Asian markets, Japan’s Nikkei Stock Average fell 0.6%, Hong Kong’s Hang Seng Index fell 0.59%, China’s Shanghai Composite Index rose 0.51% and India’s BSE Sensex fell 0.39%.
Broker Recommendation
Analysts at Wells Fargo downgraded World Wrestling Entertainment, Inc. WWE from Overweight to Underweight.
WWE shares fell 2.4% to $41.50 in pre-market trading.
Breaking News
- Restaurant Brands International Inc. QSR posted better-than-expected results for the fourth quarter.
- Edgewell Personal Care Co EPC reported better-than-expected results for its fourth quarter, but lowered its FY20 earnings forecast.
- Loews Corporation L reported upbeat earnings for its fourth quarter.
- L Brands Inc LB is nearing a sale of Victoria's Secret to Sycamore Partners, CNBC reported.
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