A Peek Into The Market Before The Trading Starts - Baxter Intl (NYSE:BAX)

Pre-open movers

US stock futures are mostly flat this morning. Futures for the Dow Jones Industrial Average dropped 3 points to 14,895.00 and S&P 500 index futures fell 0.70 points to 1,607.80. Nasdaq 100 futures gained 2.25 points to 2,937.25.

A Peek Into Global Markets

European markets were lower today. The STOXX Europe 600 Index fell 0.15%, French CAC 40 Index dropped 0.38% and German DAX 30 index fell 0.11%. Asian markets ended higher, with China's Shanghai Composite surging 1.16% and Australia's S&P/ASX 200 index rising 0.56%. Hong Kong's Hang Seng Index rose 0.99% and India's Sensex gained 0.50%.

Broker Recommendation

Analysts at Bank of America upgraded Dollar General

from “neutral” to “buy.” The target price for Dollar General has been raised from $55 to $60. Dollar General stock closed at $52.49 on Friday.

Breaking news

Wi-LAN WILN today announced that Panasonic PCRFY has signed a multi-year broad license agreement to WiLAN's Digital TV and Display patent portfolio, including the Company's V-Chip technology. To read the full news, click here.
Vical VICL today announced the online publication1 of Baxter's BAX preclinical evaluations of Vical's Vaxfectin® adjuvant in combination with Baxter's cell culture-derived seasonal and pandemic influenza vaccines. To read the full news, click here.
Crestwood Midstream Partners LP CMLP and Crestwood Holdings LLC and Inergy, L.P. NRGY and Inergy Midstream, L.P. NRGM today announced the signing of definitive agreements to create a fully integrated midstream partnership with a total enterprise value of approximately $7 billion. To read the full news, click here.
EntreMed ENMD, a clinical-stage pharmaceutical company developing therapeutics for the treatment of a variety of cancers, today announced the issuance by the Chinese State Intellectual Property Office of Patent Certificate No. ZL 200680044656.7. To read the full news, click here.

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