A Peek Into The Market Before The Trading Starts - GigaMedia (NASDAQ:GIGM), Iridex (NASDAQ:IRIX)

Pre-open movers

US stock futures are mixed this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dropped 28 points to 12,747.00 and S&P 500 index futures fell 2.70 points to 1,372.60. Nasdaq 100 futures gained 1 point to 2,573.00.

A Peek Into Global Markets

European markets were lower today. The STOXX Europe 600 Index dropped 0.44%, London's FTSE 100 Index fell 0.46%, French CAC 40 Index declined 0.26% and German DAX 30 index dropped 0.93%. Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.90%, China's Shanghai Composite declining 0.12% and Australia's S&P/ASX 200 dropping 0.44%. Hong Kong's Hang Seng index fell 0.85% and India's Sensex declined 0.86%.

Broker Recommendation

Analysts at Deutsche Bank downgraded Kayak Software

KYAK

from “buy” to “hold.” Kayak shares jumped 26.61% to $39.30 in after-hours trading.

Breaking news

IRIDEX IRIX today announced that IRIDEX and QUANTEL Medical have signed a global patent licensing agreement that gives QUANTEL access to IRIDEX' MicroPulse technology. To read the full news, click here.
Prospect Global Resources PGRX announced Thursday that it has priced an offering of 15,000,000 shares of its common stock to the public at $1.75 per share. To read the full news, click here.
GigaMedia Limited GIGM announced today its board of directors has appointed Mo-Na Chien as its new chairman. To read the full news, click here.
Operators at PPL's PPL Susquehanna nuclear power plant safely shut down the Unit 2 reactor Friday (11/9) because a computer system that controls the reactor's water level was not functioning properly. To read the full news, click here.

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