Pre-open movers
U.S. stock futures traded lower in early pre-market trade, ahead of earnings from J C Penney Company Inc (NYSE: JCP). The University of Michigan's consumer sentiment index for November
is schedule for release at 10:00 a.m. ET.
Futures for the Dow Jones Industrial Average declined 54 points to 23,362.00, while the Standard & Poor’s 500 index futures
slipped 10.25 points to 2,573.75. Futures for the Nasdaq 100 index fell 24.75 points to 6,290.00.
Oil prices traded mixed as Brent crude futures rose 0.05 percent to trade at $63.96 per barrel, while US WTI crude futures
declined 0.07 percent to trade at $57.13 a barrel. The Baker Hughes North American rig count report for the latest week will be
released at 1:00 p.m. ET.
A Peek Into Global Markets
European markets were mostly lower today, with the Spanish Ibex Index falling 0.29 percent, STOXX Europe 600 Index slipping 0.14
percent and German DAX 30 index gaining 0.02 percent. The UK's FTSE index was trading lower by 0.30 percent, while French CAC 40
Index fell 0.26 percent.
In Asian markets, Japan’s Nikkei Stock Average fell 0.82 percent, Hong Kong’s Hang Seng Index declined 0.05 percent, China’s
Shanghai Composite Index climbed 0.14 percent and India’s BSE Sensex gained 0.19 percent.
Broker Recommendation
Analysts at Cowen & Co. downgraded Finish Line Inc (NASDAQ: FINL) from Market Perform to Underperform.
Finish Line shares rose 4.17 percent to close at $10.00 on Thursday.
Breaking news
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Walt Disney Co (NYSE: DIS) reported
weaker-than-expected results for its fourth quarter on Thursday.
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NVIDIA Corporation (NASDAQ: NVDA) reported
better-than-expected results for its third quarter on Thursday. The red-hot chip manufacturer delivered third-quarter earnings
of $1.33 per share, beating estimates by 39 cents. Sales came in $280 million higher than estimates at a record $2.64 billion.
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ArcelorMittal SA (ADR) (NYSE: MT) reported upbeat
profit for its third quarter on Friday.
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Hertz Global Holdings, Inc (NYSE: HTZ) posted
better-than-expected earnings for its third quarter on Thursday.
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