Market Overview

A Peek Into The Market Before The Trading Starts

Related ADBE
Cantor Fitzgerald Checks Point To 'Stable' Shutterstock Traffic, Firm Still Likes Stock
Fast Money Picks For September 24
Richard Blum Reduces Position in Avid Technology (GuruFocus)
Related TFX
Teleflex Incorporated Announces Worldwide Voluntary Recall of HUDSON RCI® SHERIDAN SHER-I-BRONCH® Endobronchial Tube
Benzinga's Top Upgrades

Pre-open movers US stock futures are higher this morning, as investors are awaiting jobless claims data. Futures for the Dow Jones Industrial Average gained 24 points to 12,453.00 and S&P 500 index futures rose 3.20 points to 1,312.00. Nasdaq 100 futures gained 3.75 points to 2,526.25.

A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 0.59%, London's FTSE 100 Index dropped 0.58%, French CAC 40 index fell 0.45% and German DAX 30 index declined 0.49%.

Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.22%, Chinese Shanghai Composite dropping 0.99% and Australia's S&P/ASX 200 dropping 0.53%. Hong Kong's Hang Seng index declined 1.15% and India's Sensex tumbled 1.23%.

Broker Recommendation Analysts at Jefferies downgraded Adobe Systems Incorporated (NASDAQ: ADBE) from “buy” to “hold.” The target price for Adobe has been lowered from $38 to $32.

Adobe shares gained 0.06% to close at $31.79 yesterday.

Breaking news

  • Teleflex Incorporated (NYSE: TFX) has announced that it has been awarded an agreement for its line of central venous catheters (CVCs) with HealthTrust Purchasing Group, L.P. (HealthTrust), a healthcare group purchasing organization. To read the full news, click here.
  • Benchmark Electronics Inc (NYSE: BHE) announced today that its Board of Directors approved the repurchase of up to $100 million of the Company's outstanding common shares. To read the full news, click here.
  • Arkansas Best Corporation (NASDAQ: ABFS) today announced it has entered into a definitive agreement to acquire Panther Expedited Services Inc, from Fenway Partners LLC, a leading middle market private equity firm. To read the full newsclick here.
  • HanesBrands Inc (NYSE: HBI) announced today that it intends to redeem in July $150 million of its Floating Rate Senior Notes due 2014 as part of plans to pay off its approximately $300 million of floating-rate bond debt in 2012. To read the full news, click here.

Posted-In: Jefferies US Stock FuturesNews Futures Global Pre-Market Outlook Markets


Related Articles (ABFS + ADBE)

View Comments and Join the Discussion!

Get Benzinga's Newsletters