A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 199 points to 11,009.00 and S&P 500 index futures fell 24.20 points to 1,145.10. Nasdaq 100 futures dropped 35.75 points to 2,129.00. A Peek Into Global Markets European markets were mixed today. The STOXX Europe 600 Index fell 0.57%, London's FTSE 100 Index moved up 0.77%, French CAC 40 index fell 0.06% and German DAX 30 index gained 0.34%. Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 2.2072%, Australia's S&P/ASX 200 moving down 1.5032% and China's Shanghai Composite dropping 0.33%. Hong Kong's Hang Seng Index rose 0.4797% and India's Sensex gained 0.88%. Broker Recommendation Analysts at Morgan Stanley downgraded PepsiCo Inc PEP from “overweight” to “equal-weight.” PepsiCo shares dropped 1.18% to $62.55 in pre-market trading. Breaking news

• Apple AAPL reported Tuesday it plans to open its first Hong Kong retail store this quarter and will add another Shanghai location later this year. To read the full news, click here.
• Vertex Pharmaceuticals Incorporated VRTX today announced that treatment with the investigational selective oral JAK3 inhibitor VX-509 in a Phase 2a trial resulted in substantial and statistically significant improvements in multiple measurements of rheumatoid arthritis activity. To read the full news, click here.
• Lufkin Industries Inc LUFK announced its plans to buy privately held Canadian firm Quinn's Oilfield Supply Ltd for around $303 million. To read the full news, click here.
• Mobile TeleSystems MBT reported a rise in its net profit for the second quarter. To read the full news, click here.