US Stock Futures Tumble Ahead Of Jobless Claims

Pre-open movers

US stock futures traded lower in early pre-market trade. Data on weekly jobless claims and nonfarm productivity for the first quarter will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average dipped 105 points to 17,991.00, while the Standard & Poor's 500 index futures fell 13.55 points to 2,102.45. Futures for the Nasdaq 100 index dropped 40.80 points to 4,486.70.

A Peek Into Global Markets

European markets were lower today, with the Spanish Ibex Index declining 1.19 percent, STOXX Europe 600 Index dipping 1.42 percent and German DAX 30 index dropping 1.49 percent. French CAC 40 Index slipped 1.75 percent and London's FTSE 100 Index fell 1.31 percent.

In Asian markets, Japan's Nikkei Stock Average rose 0.07 percent, China's Shanghai Composite Index jumped 0.76 percent, Hong Kong's Hang Seng Index dropped 0.38 percent and India's BSE Sensex fell 0.09 percent.

Broker Recommendation
Analysts at B.Riley downgraded Groupon Inc (NASDAQ: GRPN) from Buy to Neutral and lowered the price target from $9.00 to $7.00.

Groupon shares rose 1.99 percent to close at $6.15 yesterday.

Breaking news

• New York REIT, Inc. (NYSE: NYRT) today announced that Gregory W. Sullivan has resigned and will be leaving the Company to pursue other interests. To read the full news, click here.
• Molina Healthcare, Inc. (NYSE: MOH) announced today the pricing of its previously announced underwritten public offering by the Company of 5,000,000 shares of its common stock at a public offering price of $67.75 per share. To read the full news, click here.
• Nexvet Biopharma (NASDAQ: NVET) today announced statistically significant top-line results from its proof-of-concept (POC) efficacy study of NV-02, an anti-nerve growth factor (NGF) monoclonal antibody (mAb) therapy in development for the control of pain associated with degenerative joint disease (DJD), including osteoarthritis, in cats. To read the full news, click here.
• Joy Global Inc. (NYSE: JOY) reported better-than-expected earnings for the fiscal second quarter on Thursday. To read the full news, click here.