Top Headline
McDonald's MCD reported downbeat comparable-restaurant sales for October.
Equities Trading UP
Santarus SNTS shot up 37.47 percent to $31.92 after Salix Pharmaceuticals SLXP announced its plans to buy Santarus for around $2.12 billion. Santarus and Pharming also announced new data from open-label repeat treatment study with RUCONEST.
Salix Pharmaceuticals SLXP was also up, gaining 12.27 percent to $80.06 after the company announced its plans to buy Santarus for around $2.12 billion. Janney Capital upgraded Salix from Neutral to Buy and lifted the price target from $60.00 to $95.00.
Equities Trading DOWNU.S. Silica Holdings SLCA shares tumbled 4.45 percent to $31.28 after the company priced 11.5 million shares at $31.50 per share for selling holders.
Commodities
In commodity news, oil traded up 0.32 percent to $94.50, while gold traded down 1.98 percent to $1,282.60.
Eurozone
European shares were mostly lower today. The Spanish Ibex Index dropped 0.44 percent, while Italy's FTSE MIB Index rose 0.05 percent. Meanwhile, the German DAX declined 0.53 percent and the French CAC 40 tumbled 0.87 percent while U.K. shares fell 0.37 percent.
US consumer spending increased 0.2 percent in September, versus an unrevised 0.3 percent growth in August. Personal income increased 0.5 percent in the month. However, economists were expecting a 0.3 percent rise in spending and personal income.
Fed Chairman Ben Bernanke is expected to speak at 3:30 p.m. ET.
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