Weak Durable Goods Orders Weighs On Market

The market is opening under a bit of pressure this morning after the durable goods report showed a decline of -0.5%. This is helping push bond yields lower again, with the 10-year falling to 4.55%.

Oil is trading higher, which is pushing up energy stocks for a second straight day. The semis are also getting an early bid.

In other news and notes:

• RHAT gaps down -22% after reporting earnings
• PAYX also lower on earnings report
• DIVX gets a boost from Cramer's comments
• Nikkei rallies +2.5%
• RUTH lowers guidance for Q3
• Judge dismisses part of AMD case against Intel
• RBC raises GILD target to $78, growth accelerating
• Jeffries ups INTC target to $24
• Wedbush raises CROX target to $40

long GILD, INTC