Markets

Wall Street Tips Lower Ahead of Opening Bell In Holiday-Shortened Session

US stocks were set for a lower open ahead of the Christmas holiday on Tuesday when markets are closed and as turmoil in Washington continued to hound the market.

Oil prices nudged lower with global benchmark Brent crude down 0.80% and US crude West Texas Intermediate down 1.47% recently amid concerns about global crude output and economic downturn.

Data released at 8:30 am showed the Chicago Fed national activity index came in at 0.22 in November, above the 0.19 consensus and following previous month's 0.24 level, according to data compiled by Econoday.

In equities, shares of Micronet ( MICT ) were 26.7% higher after the company received $1.4 million in orders for Treq-317 fleet management platform.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial down 0.74%

-S&P 500 futures down 0.57%

-Nasdaq 100 futures down 0.75%

-Nasdaq 100 pre-market indicator down 0.36%

GLOBAL SENTIMENT

Nikkei down 1.17%

Hang Seng down 0.31%

Shanghai Composite up 1.83

FTSE-100 down 0.96%

DAX-30 down 1.92%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: unchanged

(+/-) Chip stocks: unchanged

(+/-) Software stocks: unchanged

(+/-) Hardware stocks: unchanged

(+/-) Internet stocks: unchanged

(+/-) Oil stocks: unchanged

(+/-) Biotech stocks: unchanged

(+/-) Drug stocks: unchanged

(+/-) Financial stocks: unchanged

(+/-) Retail stocks: unchanged

(+/-) Industrial stocks: unchanged

(+/-) Airlines: unchanged

(+/-) Autos: unchanged

UPSIDE MOVERS

(+) PRGO (+2%) Irish revenue agency seeks $1.9 billion tax payment from company

(+) ACOR (+15.2%) Gets FDA approval for Inbrija for Parkinson's disease

DOWNSIDE MOVERS

(-) HSGX (-76.7%) Scraps NeoCart after FDA seeks another trial for approval consideration

(-) TEVA (-1.8%) Gets FDA clearance for ProAir digital inhalation powder

(-) TSLA (-2.1%) Slashes Model 3 prices in China by up to 7.6%

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MICT

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More