Top Headline
Fiat SpA FIATY announced its plans to buy the rest of the Chrysler Group LLC for $3.65 billion.
Equities Trading UP
Shares of Molycorp MCP got a boost, shooting up 4.57 percent to $5.88 after DA Davidson lifted the price target on the stock from $6.00 to $8.00.
ANN ANN was also up, gaining 5.69 percent to $38.64 after analysts at Jefferies upgraded the stock from Hold to Buy.
Equities Trading DOWNIntersil ISIL tumbled 3.93 percent to $11.02 after Evercore Partners downgraded the stock from Equal-Weight to Underweight.
Commodities
In commodity news, oil traded down 2.06 percent to $96.39, while gold traded up 1.89 percent to $1,225.00.
Eurozone
European shares were lower today. The Spanish Ibex Index fell 1.31 percent, while Italy's FTSE MIB Index declined 0.05 percent. Meanwhile, the German DAX dropped 1.32 percent and the French CAC 40 fell 1.60 percent while U.K. shares declined 0.36 percent.
The final reading for the manufacturing PMI surged to 55 in December, versus November's reading of 54.7. However, economists were expecting a reading of 54.7.
The Bloomberg Consumer Comfort Index declined to-28.70 for the week ended December 29, versus a prior reading of -27.40.
Data on money supply will be released at 4:30 p.m. ET.
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