US Stock Futures Down Ahead Of Jobless Claims Data

Pre-open movers

US stock futures fell in early pre-market trade, ahead of jobless claims report. Data on weekly jobless claims will be released at 8:30 a.m. ET, while the Chicago PMI for October will be released at 9:45 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 26 points to 15,527.00, while the Standard & Poor's 500 index futures declined 2.60 points to 1,755.90. Futures for the Nasdaq 100 index dropped 15.25 points to 3,377.00.

A Peek Into Global Markets

European markets were mixed today, with the Spanish Ibex Index gaining 0.66%, London's FTSE 100 index dropping 0.44% and STOXX Europe 600 Index climbing 0.11%. German DAX 30 index fell 0.17% and French CAC 40 Index climbed 0.11%.

Asian markets ended mostly lower today. Japan's Nikkei Stock Average fell 1.20%, China's Shanghai Composite declined 0.87% and Hong Kong's Hang Seng Index tumbled 0.42%. Australia's ASX/S&P500 fell 0.09% and India's Sensex jumped 0.62%.

Broker Recommendation

Analysts at Bank of America upgraded Expedia (NASDAQ: EXPE) from "neutral" to "buy." The target price for Expedia has been raised from $60 to $75.

Expedia's shares jumped 18.80% to $59.35 in pre-market trading.

Breaking news

Time Warner Cable (NYSE: TWC) reported a drop in its third-quarter profit. Time Warner Cable's quarterly profit fell to $532 million, or $1.84 per share, from $808 million, or $2.60 per share, in the year-ago period. To read the full news, click here. Synergy Pharmaceuticals (NASDAQ: SGYP) today announced the start of a phase 2 clinical trial to evaluate the safety and efficacy of SP-333, its second-generation GC-C agonist and once-daily oral treatment, in adult patients with opioid-induced constipation (OIC). To read the full news, click here. Cigna (NYSE: CI) reported a 19% rise in its third-quarter earnings and lifted its full-year earnings outlook. To read the full news, click here. Charm Communications (NASDAQ: CHRM) announced today that the special committee of the Company's board of directors, consisting of independent directors Mr. Zhan Wang, Mr. Andrew J. Rickards and Mr. Gang Chen, has retained China Renaissance Securities (Hong Kong) Limited as its financial advisor and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP as its legal advisor. To read the full news, click here.

Posted-In: Bank of America US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets

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