A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average dipped 121 points to 12,345.00 and futures on the S&P 500 stock index fell 13.10 points to 1,314.70. Nasdaq 100 futures dropped 24.25 points to 2,319.25. A Peek Into Global Markets Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.52%, Australia's S&P/ASX 200 moving down 1.77% and China's Shanghai Composite declining 2.93%. Hong Kong's Hang Seng Index dipped 2.11% and India's Sensex fell 1.88%. European markets were lower today. The STOXX Europe 600 Index has dropped 1.46%, London's FTSE 100 Index moved down 1.63%. Broker Recommendation Analysts at JP Morgan upgraded CF Industries Holdings Inc CF from “neutral” to “overweight.” The target price for CF has been raised from $150 to $170. CF shares fell 1.68% to close at $139.06 on Friday. Breaking news

• Krispy Kreme Doughnuts Inc KKD released its results for the fiscal first-quarter on Monday. Krispy Kreme reported its FQ1 net profit at $9.2 million, or $0.13 per share, up from $4.5 million, or $0.06 per share, in the year-earlier period. To read the full news, click here.
• IRIS International, Inc. IRIS, announced today that a poster of the results of a multi-center clinical study utilizing its proprietary NADiA ProsVue prognostic prostate cancer test in 304 post-radical prostatectomy patients, was presented last week at the American Urological Association 2011 Annual Meeting in Washington, DC by principal study investigator and lead author, Judd W. Moul, MD, Director of the Prostate Cancer Center and the Division Chief of Urology at Duke University Medical Center. To read the full news, click here.
• Education Realty Trust Inc. EDR today completed the purchase of Westminster House, an historic collegiate housing community adjacent to the University of California, Berkeley for $16.3 million. To read the full news, click here.
• China Sunergy Co Ltd CSUN posted weaker-than-expected Q1 results on Monday. To read the full news, click here.

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