US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following broad weakness in Asia. Market concerns seem to revolve around an overly aggressive Fed committing a policy mistake as weakening macro data and cautious corporate commentary add to signs economy is heading into recession. The Deteriorating macro environment also ties into risk of fresh downgrades to consensus earnings estimates.
Companies Mentioned: Amgen (NASDAQ:AMGN), Horizon Therapeutics, Coupa Software, Microsoft (NASDAQ:MSFT), Activision Blizzard (NASDAQ:ATVI)