A Peek Into The Market Before The Trading Starts

Pre-open movers

US stock futures are lower this morning, as investors are awaiting durable-goods orders data. Futures for the Dow Jones Industrial Average tumbled 40 points to 15,249.00 and S&P 500 index futures fell 6.50 points to 1,643.50. Nasdaq 100 futures dropped 13 points to 2,979.25.

A Peek Into Global Markets

European markets were lower today. The STOXX Europe 600 Index fell 0.28%, London's FTSE 100 index dropped 0.63%, French CAC 40 Index declined 0.07% and German DAX 30 index fell 0.71%. Asian markets ended mixed, with Japan's Nikkei Stock Average gaining 0.89%, China's Shanghai Composite rising 0.57% and Australia's S&P/ASX 200 index dropping 1.52%. Hong Kong's Hang Seng Index fell 0.23% and India's Sensex gained 0.15%.

Broker Recommendation

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Analysts at Canaccord Genuity upgraded Cirrus Logic

CRUS

from “hold” to “buy.” The target price for Cirrus Logic has been raised from $18 to $25. Cirrus Logic's shares closed at $17.76 yesterday.

Breaking news

Foot Locker FL reported a rise in its first-quarter profit. To read the full news, click here.
Acacia Research Corporation ACTG announced today that its subsidiary, Business Process Modeling Solutions LLC, has entered into a settlement and license agreement with Red Hat RHT. To read the full news, click here.
Internet Initiative Japan IIJI today announced the nomination of the candidates for positions on the Company's Board of Directors and Auditors. To read the full news, click here.
AsiaInfo-Linkage ASIA today announced that it has sold interests in two contractually controlled entities. To read the full news, click here.