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Nasdaq exchange to honor the victims of the attack in Barcelona - PRE-MARKET

Last updated: 23:01 18 Aug 2017 AEST, First published: 18:01 18 Aug 2017 AEST

Nasdaq Tower in Times Square
The Nasdaq Tower in Times Square will be displaying a message honoring the victims and families in Barcelona

Pre-market attention was focused on yesterday's terrorist attacks in Spain, which prompted European markets to open lower.

Leisure and travel stocks were hit hard by the news, but in pre-market trading in the US Delta Air Lines Inc (NYSE:DAL) and JetBlue Airways Corporation (NASDAQ:JBLU) were clawing back some of the losses suffered yesterday in the wake of the first attack, in Barcelona.

The Nasdaq exchange will observe a one-minute's silence at 9:20 am, Eastern Time, in remembrance of those lost in the attacks.

The Nasdaq Tower in Times Square will be displaying a message honoring the victims and families in Barcelona.

Farming equipment maker Deere & Company (NYSE:DE) stumbled in pre-market trading after sales came in below expectations in the third quarter of the company's financial year.

The shares were off 7.8% at US$116.20 after it said net equipment sales in the three months to the end of July totaled US$6.83bn, versus the consensus forecast on the Street of US$6.92bn.

The company raised its full-year guidance to US$2.08bn from US$2bn.

Sportswear seller Foot Locker Inc (NYSE:FL) were getting a kicking in screen-based trading after second quarter numbers underwhelmed.

Earnings per share of 62 US cents were well short of the 90 US cents analysts had expected.

Revenue of US$1.70bn was US$100mln short of analysts' expectations.

Sector peers Under Armour and Nike were down in sympathy.

The Estée Lauder Companies (NYSE:EL) group came up smelling of roses after it released its results for the fourth quarter of its fiscal year.

The company reported net sales of US$2.89bn, up 9% increase compared with US$2.65bn in the prior-year period.

The recent acquisitions of Too Faced and BECCA performed ahead of plan with incremental sales contributing some 3.5 percentage points of the reported sales growth.

Shares in the cosmetics and perfume pedlar were up 4.4% at US$102.64 in pre-market trading.

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