Union members in Spain, Portugal, and Greece called for their respective governments to pursue programs geared toward economic growth as opposed to spending cuts on things like health care and education. With respect to corporate news, after the market closed yesterday, Cisco Systems surprised the market with better-than-expected results. The company reported adjusted earnings per share of $0.48 on revenue of $11.9 billion. Analysts had predicted earnings to come in at $0.46 a share on revenue of $11.78 billion. According to Cisco's CEO John Chambers: "We delivered record results this quarter -- with revenue growth of 6 percent and strong earnings-per-share growth -- demonstrating our vision and strategy are working. Our innovation engine, operational discipline and on-going evolution are enabling us to differentiate in the market." Shares in the technology giant are up by 6.7% in intraday trading. Also in the tech space, shares of Facebook ( NAS: FB ) are surprisingly higher this morning by nearly 8%.