A Peek Into The Market Before The Trading Starts

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.

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%.

Analysts at Canaccord Genuity upgraded Cirrus Logic

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.