Courtesy of Benzinga.
Pre-open movers
U.S. stock futures traded slightly lower in early pre-market trade. Data on existing home sales for January will be released at 10:00 a.m. ET. Federal Reserve Gov. Jerome Powell is set to speak at the Forecaster’s Club of New York at 1:00 p.m. ET, while the Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.
Futures for the Dow Jones Industrial Average dropped 12 points to 20,676.00, while the Standard & Poor’s 500 index futures fell 3.75 points to 2,356.25. Futures for the Nasdaq 100 index slipped 4.25 points to 5,339.50.
Oil prices traded lower as Brent crude futures declined 0.46 percent to trade at $56.40 per barrel, while US WTI crude futures fell 0.52 percent to trade at $54.05 a barrel.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 0.62 percent, STOXX Europe 600 Index declining 0.10 percent and German DAX 30 index gaining 0.07 percent. The UK’s FTSE index was trading higher by 0.06 percent, while French CAC 40 Index fell 0.07 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.01 percent, Hong Kong’s Hang Seng Index climbed 0.99 percent, China’s Shanghai Composite Index climbed 0.24 percent and India’s BSE Sensex rose 0.36 percent.
Broker Recommendation
Analysts at Bank of America downgraded United Parcel Service, Inc. (NYSE: UPS) from Buy to Neutral.
UPS shares fell 1.60 percent to $106.00 in pre-market trading.
Breaking news
- DISH Network Corp (NASDAQ: DISH) reported better-than-expected earnings for its fourth quarter.
- Garmin Ltd. (NASDAQ: GRMN) reported upbeat results for its fourth quarter on Wednesday.
- Toll Brothers Inc (NYSE: TOL) posted stronger-than-expected results for its first quarter on Wednesday.
- First Solar, Inc. (NASDAQ: FSLR) reported better-than-expected results for its fourth quarter and raised its FY17 revenue forecast.
Posted-In: A Peek Into The MarketsEarnings News Eurozone Futures Global Pre-Market Outlook Markets
