Market Overview

A Peek Into The Market Before The Trading Starts

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Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 21 points to 12,493.00 and S&P 500 index futures fell 3.60 points to 1,316.50. Nasdaq 100 futures declined 5.25 points to 2,539.75.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.42%, London's FTSE 100 Index dropped 0.06%, French CAC 40 index fell 0.43% and German DAX 30 index declined 0.45%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average gaining 0.60%, Chinese Shanghai Composite rising 1.27% and Australia's S&P/ASX 200 dropping 0.17%. Hong Kong's Hang Seng index gained 0.82% and India's Sensex rose 0.11%.

Broker Recommendation Analysts at Goldman Sachs downgraded McDonald's Corp (NYSE: MCD) from “buy” to “neutral.” The target price for McDonald's has been lowered from $100 to $92. McDonald's shares dropped 0.93% to $86.70 in pre-market trading.

Breaking news

  • TGC Industries Inc (NASDAQ: TGE) today announced that it has purchased and taken delivery of 13,000 channels of GSX wireless recording equipment, along with all peripheral equipment. To read the full news, click here.
  • ENGlobal Corp (NASDAQ: ENG) announced today that John R. Beall, Chief Financial Officer, has resigned from the Company to pursue other interests, effective immediately. To read the full news, click here.
  • NetSpend Holdings Inc (NASDAQ: NTSP) today announced that its Board of Directors has authorized a $75 million share repurchase program. To read the full newsclick here.
  • Descartes Systems Group (NASDAQ: DSGX) has signed a definitive agreement to acquire substantially all of the assets of Integrated Export Systems, Ltd. and IES Asia Limited for approximately US$35 million in cash. To read the full news, click here.

Posted-In: Goldman Sachs Integrated Export Systems John R. BeallNews Futures Global Pre-Market Outlook Markets

 

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