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 Analysts at Canaccord Genuity upgraded Cirrus Logic (NASDAQ: 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 (NYSE: FL) reported a rise in its first-quarter profit. To read the full news, click here.
• Acacia Research Corporation (NASDAQ: ACTG) announced today that its subsidiary, Business Process Modeling Solutions LLC, has entered into a settlement and license agreement with Red Hat (NYSE: RHT). To read the full news, click here.
• Internet Initiative Japan (NASDAQ: 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 (NASDAQ: ASIA) today announced that it has sold interests in two contractually controlled entities. To read the full news, click here.