Pre-open movers
U.S. stock futures traded lower in early pre-market trade, after the U.K. voted to leave the European Union. After Brexit vote,
British Prime Minister David Cameron reported that he will resign. Data on durable goods orders for May will be released at 8:30
a.m. ET, while the University of Michigan's consumer sentiment index for June is scheduled for release at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average tumbled 535 points to 17,459.00, while the Standard & Poor’s 500 index futures fell
79.25 points to 2,038.00. Futures for the Nasdaq 100 index dropped 167.25 points to 4,315.50.
Oil prices traded lower as Brent crude futures dropped 4.32 percent to trade at $48.71 per barrel, while US WTI crude futures
also fell 4.31 percent to trade at $47.97 a barrel.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 11.36 percent, STOXX Europe 600 Index dipping 7.29
percent and German DAX 30 index dropping 7.10 percent. The UK's FTSE index was trading lower by 4.45 percent, while French CAC 40
Index fell 8.49 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 7.92 percent, Hong Kong’s Hang Seng Index dropped 2.92 percent, China’s
Shanghai Composite Index declined 1.30 percent and India’s BSE Sensex declined 2.24 percent.
Broker Recommendation
Analysts at Credit Suisse downgraded Accenture Plc (NYSE: ACN) from Outperform to Neutral.
Accenture shares fell 0.12 percent to close at $118.91 on Thursday.
Breaking news
- The United Kingdom will cease to be part of the European Union as the "leave" campaign emerged victorious in the Brexit vote.
51.9 percent of voters, or 17.41 million people, in the United Kingdom said they no longer wish their country to remain a member
of the EU. On the other hand, 48.1 percent, or 16.14 million people, felt their country will be stronger as part of the European
Union. Prime Minister David Cameron campaigned for the "stay" vote and announced he will step down from office immediately
following the vote. To read the full news, click
here.
-
Emerge Energy Services LP (NYSE: EMES) agreed to
sell its fuels business to Sunoco LP (NYSE: SUN) for
$178.5 million. The company plans to use the proceeds of the sale to pay off some of its debt.
-
SYNNEX Corporation (NYSE: SNX) reported upbeat
results for its second quarter and issued a strong outlook for the third quarter.
- Corey Lewandowski, the campaign manager for Donald Trump who was fired earlier this week, is joining Time Warner Inc
(NYSE: TWX)’s CNN as a political commentator. He will be
exclusive to CNN, and won't be allowed to appear on other networks. To read the full news, click
here.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.