A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning, as investors are awaiting data on jobless claims and sales data from retailers. Futures on the Dow Jones Industrial Average gained 32 points to 12,306.00 and futures on the S&P 500 stock index rose 4.10 points to 1,316.20. Nasdaq 100 futures surged 10.00 points to 2,329.50. A Peek Into Global Markets Asian markets ended lower, with Japan's Nikkei Stock Average dipping 1.69%, Australia's S&P/ASX 200 moving down 2.20% and China's Shanghai Composite declining 1.40%. Hong Kong's Hang Seng Index fell 1.58% and India's Sensex dropped 0.61%. European markets were lower today. The STOXX Europe 600 Index has dropped 0.73%, London's FTSE 100 Index moved down 0.69%.

Broker Recommendation Analysts at Janney Montgomery Scott downgraded Zumiez Inc (NASDAQ: ZUMZ) from “buy” to “neutral.” The target price for ZUMZ is set to $33.

ZUMZ shares dropped 3.23% to close at $29.40 yesterday.

Breaking news

• Joy Global Inc (NASDAQ: JOYG) reported a 34% rise in its fiscal second-quarter net profit and lifted its projections for the year on Thursday. To read the full news, click here.
• Costco Wholesale Corp (NASDAQ: COST) reported a 13% rise in its May comparable-store sales on Thursday. The retailer's net sales surged 17% to $7.14 billion, from $6.09 billion in the year-ago month. To read the full news, click here.
• Pier 1 Imports Inc (NYSE: PIR) reported a 10.2% surge in its comparable-store sales for the quarter. PIR's total sales climbed 9.5% to $335 million, from $306 million in the year-ago period. To read the full news, click here.
• Schiff Nutrition International, Inc. (NYSE: WNI), through its subsidiary Schiff Nutrition Group, Inc., purchased certain assets and assumed certain liabilities of Ganeden Biotech, Inc. for $40 million in cash utilizing its existing revolving credit facility. To read the full news, click here.

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