Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

A Peek Into The Markets: U.S. Stock Futures Down Ahead Of Economic Data

Courtesy of Benzinga.

A Peek Into The Markets: U.S. Stock Futures Down Ahead Of Economic Data

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. Data on nonfarm productivity and unit labor costs for the second quarter will be released at 8:30 a.m. ET, while data on wholesale trade inventories for June will be released at 10:00 a.m. ET. Chicago Federal Reserve Bank President Charles Evans is set to speak in Chicago at 1:00 p.m. ET.

Futures for the Dow Jones Industrial Average dropped 29 points to 21,999.00, while the Standard & Poor’s 500 index futures fell 9 points to 2,463.25. Futures for the Nasdaq 100 index declined 31.50 point to 5,885.00.

Oil prices traded higher as Brent crude futures rose 0.54 percent to trade at $52.42 per barrel, while US WTI crude futures gained 0.53 percent to trade at $49.43 a barrel. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index falling 1.39 percent, STOXX Europe 600 Index declining 0.84 percent and German DAX 30 index dropping 1.22 percent. The UK’s FTSE index was trading lower by 0.76 percent, while French CAC 40 Index fell 1.65 percent.

In Asian markets, Japan’s Nikkei Stock Average fell 1.29 percent, Hong Kong’s Hang Seng Index slipped 0.35 percent, China’s Shanghai Composite Index dropped 0.19 percent and India’s BSE Sensex fell 0.68 percent.

Broker Recommendation

Analysts at Wells Fargo downgraded Dean Foods Co (NYSE: DF) from Outperform to Market Perform and lowered price target to $12.00 from $25.00.

Dean Foods shares tumbled 20.77 percent to close at $11.86 on Tuesday.

Breaking news

  • Walt Disney Co (NYSE: DIS) reported a third-quarter earnings beat after Tuesday’s close, but missed on sales estimates. Disney announced it was buying a majority $1.58 billion stake in BAMTech, the MLB Advanced Media service it initially took a $1 billion stake in last year. In 2018, Disney will also launch its own ESPN streaming service powered by BAMTech, which could help curb fears that cord-cutting would be the ultimate demise of the sports news leader.
  • DENTSPLY SIRONA Inc (NASDAQ: XRAY) reported in-line earnings for its second quarter, but lowered its outlook for FY 2017.
  • Priceline Group Inc (NASDAQ: PCLN) reported better-than-expected earnings for its second quarter, but issued a weak outlook for the current quarter.
  • Fossil Group Inc (NASDAQ: FOSL) posted a loss for the second quarter and announced the resignation of its CFO Dennis Scor.

Posted-In: A Peek Into The Markets U.S. stock futuresNews Eurozone Futures Global Pre-Market Outlook Markets


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!