A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are lower this morning, after decline in commodity prices and global equity markets. Futures on the Dow Jones Industrial Average dropped 64 points to 12,533.00 and futures on the S&P 500 stock index fell 7.40 points to 1,331.30. Nasdaq 100 futures declined 17.50 points to 2,376.00. A Peek Into Global Markets Asian markets ended lower, with Japan's Nikkei Stock Average dipping 1.50%, Australia's S&P/ASX 200 moving down 1.68% and China's Shanghai Composite declining 1.37%. Hong Kong's Hang Seng Index fell 0.94% and India's Sensex dropped 1.34%. European markets were lower today. The STOXX Europe 600 Index has dropped 1.13%, London's FTSE 100 Index moved down 1.21%. Broker Recommendation Analysts at Bank of America upgraded Symantec SYMC from “underperform” to “neutral.” The target price for SYMC has been raised from $18 to $22. SYMC shares fell 0.72% to $19.27 in after-hours trading. Breaking news

• Kohl's Corp KSS released its first quarter results on Thursday. The retailer reported its quarterly earnings at $211 million, or $0.73 per share, versus $199 million, or $0.64 per share, in the year-earlier period. To read the full news, click here.
• Uranium Energy Corp UEC announces that, effective May 11, 2011, the Company has entered into a Share Exchange Agreement with a Nevada company whereby the Company is acquiring a Paraguayan company which holds a 100% legal and beneficial interest in two unencumbered prospecting permits covering 247,000 acres located in the area of Coronel Oviedo, Paraguay, subject to a gross overriding royalty. To read the full news, click here.
• The Management and Supervisory Boards of Deutsche Börse AG recommend acceptance of the offer made by Alpha Beta Netherlands Holding N.V. To read the full news, click here.
• Phoenix New Media Limited FENG today announced that it has priced its initial public offering of 12,767,500 American depositary shares, each representing eight Class A ordinary shares of the Company, at US$11.00 per ADS, with a total offering size of approximately US$140 million, assuming no exercise of the over-allotment option by the underwriters. To read the full news, click here.

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