Pre-Market Movers: January 25th, 2011

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Equity futures are pointing lower this morning with the Dow Jones Industrial Average looking to open 26 points lower while the broader S&P500 index is looking to open 6 points lower. Moving fast in the pre-market session are shares of Travelers Cos up over 2% following its Q4 beat; and Corning up over 3% after its quarterly beat. Shares of STMicroelectronics are down 5% on disappointing revenue guidance for 2011; shares of Eagle Bulk Shipping are down 8% as dry-bulk shipping rates continue to fall and weak bookings weigh on the industry; shares of Eastman Kodak are down nearly 10% after losing a U.S. trade ruling which could hamper its effort to collect royalties from Apple and RIM; shares of Hyperdynamics Corp are down over 20% following the termination of its letter of intent with a large independent oil and gas company; and shares of Tellabs are down over 20% on falling margins and writedowns, which caused a Q4 loss.

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