A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 17 points to 14,077.00 and S&P 500 index futures rose 3.20 points to 1,519.00. Nasdaq 100 futures climbed 6 points to 2,746.50. A Peek Into Global Markets European markets were higher today. The STOXX Europe 600 Index rose 0.59%, London's FTSE 100 Index gained 0.44%, French CAC 40 Index rose 0.37% and German DAX 30 index climbed 0.74%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average declining 1.27%, China's Shanghai Composite gaining 0.87% and Australia's S&P/ASX 200 rising 0.62%. Hong Kong's Hang Seng Index gained 0.25% and India's Sensex rose 0.72%. Broker Recommendation Analysts at Wells Fargo downgraded Groupon GRPN from “outperform” to “market perform.” The target price range for Groupon has been lowered from $6-$7 to $5-$6. Groupon shares tumbled 27.29% to $4.35 in pre-market trading. Breaking news

• TESARO TSRO announced today that it has priced an underwritten public offering of an aggregate of 4,720,000 shares of its common stock at a price to the public of $18.00 per share. To read the full news, click here.
• Gilat Satellite Networks GILT today announced it was awarded a three year contract by the Peruvian Ministry of Education to provide SkyEdge II-c hub and 'Aries' VSAT equipment, installation, maintenance and technical support, aimed to provide Internet connectivity to 2,600 schools nationwide. To read the full news, click here.
• Wi-LAN WILN today announced that Kith Consumer Products Inc. has signed a multi-year running royalty license agreement for certain technologies in the Company's Digital TV and Display patent portfolio. To read the full news, click here.
• Micron Technology MU today announced the Tokyo District Court's issuance of an order approving Elpida Memory Inc.'s plan of reorganization. To read the full news, click here.