Click the chart for more markets data.
NEW YORK (CNNMoney)
Here are the five things to watch today:
1. Investors are still timid
The Dow was flat and the S&P 500 was up modestly in early trading. The tech-heavy Nasdaq was picking up a bit of steam -- up about half a percent by mid-morning.
The latest reading from the CNNMoney Fear & Greed index indicates investors are feeling fearful after stock markets hit fresh all-time highs last week but then slumped by the end of the week.
2. Big Merger # 1- AT&T and DirecTV
Shares of DirecTV (DTV, Fortune 500) fell after AT&T (T, Fortune 500) said Sunday that it had agreed to pay nearly $50 billion to acquire America's biggest satellite television provider. Shares of AT&T also dipped. If approved by regulators, the deal will continue a wave of consolidation in the television and telecommunications industries. Comcast, (CMCSA, Fortune 500) the nation's biggest cable provider, is currently awaiting regulatory approval for its plan to merge with Time Warner Cable. (TWC, Fortune 500)
3. Merger # 2 - No love from the Brits on pharma deal
AstraZeneca's (AZN) shares plunged 11% in London after the board rejected yet another takeover bid from U.S. pharmaceutical giant Pfizer (PFE, Fortune 500). Investors had pushed AstraZeneca stock higher as they hoped Pfizer would be able to woo the British firm, but the rejection of a fourth and "final" offer from Pfizer suggests the deal is dead in the water.
Pfizer shares were up more than 1% in early trading Monday.
Related: Retailers under the microscope
4. Monday's major stock movers
There's not much in terms of economic and earnings announcements on the docket Monday, but a few stocks are on the go.
Campbell Soup (CPB, Fortune 500) reported slightly better than forecast earnings early Monday but lowered its 2014 sale outlook, sending shares lower. It's one of the worst performers in the S&P 500 today. The company said it was unable to heat up its soup sales in the United States despite an increase in promotional activity.
Shares of Intermune (ITMN) spiked after the biotechnology firm released positive results over the weekend for a drug that treats pulmonary fibrosis, a terminal illness characterized by scarring of the lungs.
Related: CNNMoney's Tech30
5. World Markets mixed
European markets were mixed in afternoon trading.
Banking stocks, including Deutsche Bank (DB) and Barclays (BCS), were down in Europe after Deutsche Bank announced it was raising roughly €8 billion ($11 billion) from investors to meet regulatory requirements.
Asian markets mostly ended with losses. However, the Mumbai Sensex index continued to rise as investors cheered the election of a new leader, Narendra Modi.
First Published: May 19, 2014: 9:48 AM ET
Anda sedang membaca artikel tentang
Stocks flat despite DirecTV takeover
Dengan url
https://konserasik.blogspot.com/2014/05/stocks-flat-despite-directv-takeover.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Stocks flat despite DirecTV takeover
namun jangan lupa untuk meletakkan link
Stocks flat despite DirecTV takeover
sebagai sumbernya
0 komentar:
Posting Komentar