US open: Stocks lower on Chicago NAPM

RELATED QUOTES

SymbolPriceChange
SVU6.87+0.12
6MK.DE40.50-0.30
CHK27.49+0.32
MWW6.87+0.06
SPLS11.89-0.18

LONDON (ShareCast) - -Harman Intl. shoots up 11% -Hologic (NasdaqGS: HOLX - news) bids $3.7bn in cash for Gen Probe -Chicago NAPM comes in weaker than expected Dow Jones (DJI: ^DJI - news) : -0.04% Nasdaq Comp: -0.55% S&P 500 (SNP: ^GSPC - news) : -0.35% The major US equity benchmarks are now moving a bit further down than at the start, and are lower by 0.3% on average. That as selling pressure in the European equity space carries over the Atlantic Ocean and following 'mixed' economic numbers out today. M&A activity dominates the headlines Impacting on the market are the M&A headlines. More specifically, Energy Transfer (NYSE: ETP - news) is to acquire Sunoco (NYSE: SUN - news) for $5.3bn, while Microsoft (NasdaqGS: MSFT - news) has bought an approximately 18% stake in Barnes&Noble for $300m, sending shares of the latter up by 68%. Hologic had bid $3.7bn in cash for test market Gen Probe. BMO has upgraded Chesapeake Energy (NYSE: CHK - news) to buy, with a $25 price target. Humana (NYSE: HUM - news) and Lyondell-Basell are off after the release of their latest quarterly results. Harman Intl. Industries is up 11% after reporting strong demand for its products from the luxury car sector. Better than expected economic data Personal income rose by four tenths of a percentage point month-on-month in March (Consensus: 0.4%), while spending did so by 0.3% (Consensus: 0.4%). Data for both of the prior months has been revised upwards. The Chicago NAPM regional manufacturing sector survey has fallen to 56.2 points, from last month´s level of 62.2, led by falls in production and new orders components. The consensus estimate was for a reading of 61.0. Energy (NYSEArca: JJE - news) futures trade down Front month West Texas crude futures are off by 0.76% at 104.13 dollars in NYMEX trading. 10 year US Treasuries are now falling by 5/32 dollars, with yields at 1.92%. S&P 500 - Risers Sunoco Inc. (SUN) $49.20 +20.26% Harman International Industries Inc. (HAR) $51.50 +8.97% Western Digital Corp. (WDC) $38.96 +2.70% Merck (Xetra: A0YD8Q - news) & Co. Inc. (MRK) $39.41 +2.46% Federated Investors Inc. (FII) $22.19 +2.40% EQT Corp. (EQT (Dusseldorf: EQ6.DU - news) ) $48.86 +2.15% Cerner Corp (Dusseldorf: CRE.DU - news) . (CERN) $78.80 +1.66% LSI Logic Corp. (LSI (NYSE: LSI - news) ) $8.02 +1.65% McKesson Corp. (MCK) $92.35 +1.43% Medtronic Inc. (MDT) $38.17 +1.27% S&P 500 - Fallers Humana Inc. (HUM) $82.50 -6.06% Monster Worldwide Inc (NYSE: MWW - news) . (MWW) $8.69 -4.19% NYSE Euronext Inc. (NYX) $25.97 -4.06% Netflix Inc (NasdaqGS: NFLX - news) . (NFLX) $80.85 -3.45% Goodyear Tire & Rubber Co. (GT) $10.99 -2.92% Supervalu Inc (NYSE: SVU - news) . (SVU) $5.97 -2.80% Unitedhealth Group Inc (NYSE: UNH - news) . (UNH) $56.44 -2.54% Wynn Resorts Ltd. (WYNN) $132.00 -2.25% Ford Motor Co. (F) $11.34 -2.24% Starwood Hotels & Resorts Worldwide Inc. (HOT) $58.85 -2.23% Dow Jones I.A - Risers Merck & Co. Inc. (MRK) $39.41 +2.46% Travelers Company Inc. (TRV) $64.54 +0.83% Johnson & Johnson (TLO: JNJ-U.TI - news) (JNJ) $65.36 +0.80% Kraft Foods Inc. (KFT) $39.68 +0.71% AT&T Inc. (T) $32.74 +0.21% Exxon Mobil Corp (NYSE: XOM - news) . (XOM) $86.23 +0.18% International Business Machines Corp. (IBM (NYSE: IBM - news) ) $207.11 +0.15% Chevron Corp (NYSE: CVX - news) . (CVX) $106.33 +0.13% Verizon Communications Inc. (VZ) $40.28 +0.12% Microsoft Corp. (MSFT) $32.01 +0.09% Dow Jones I.A - Fallers Bank of America Corp (NYSE: IKJ - news) . (BAC) $8.13 -1.52% General Electric Co. (GE) $19.52 -1.29% Boeing Co (NYSE: BA - news) . (BA) $76.37 -1.17% Procter & Gamble Co. (PG) $63.83 -0.95% Caterpillar Inc (NYSE: CAT - news) . (CAT) $103.58 -0.94% JP Morgan Chase & Co. (JPM) $43.08 -0.61% Walt Disney Co. (DIS (SNP: ^DISY - news) ) $43.14 -0.48% Cisco Systems Inc (NasdaqGS: CSCO - news) . (CSCO) $19.89 -0.45% Alcoa Inc (NYSE: AA - news) . (AA) $9.71 -0.41% Home Depot Inc (NYSE: HD - news) . (HD) $51.75 -0.38% Nasdaq 100 (Nasdaq: ^NDX - news) - Risers Warner Chilcott Plc (WCRX) $22.51 +19.80% Research in Motion Ltd. (RIMM) $14.28 +1.77% Seagate Technology Plc (STX (KSE: 011810.KS - news) ) $30.10 +1.76% Cerner Corp. (CERN) $78.80 +1.66% Biogen Idec Inc (NasdaqGS: BIIB - news) . (BIIB) $134.44 +0.96% CH Robinson Worldwide Inc (NasdaqGS: CHRW - news) (CHRW) $59.58 +0.95% Expedia Inc (NasdaqGS: EXPE - news) . (EXPE) $40.68 +0.92% Logitech International S.A. (LOGI) $10.22 +0.79% eBay Inc. (EBAY (NasdaqGS: EBAY - news) ) $41.55 +0.78% Infosys Technologies Ltd. (INFY) $47.39 +0.70% Nasdaq 100 - Fallers Hologic Inc. (HOLX) $19.24 -9.37% Wynn Resorts Ltd. (WYNN) $132.00 -2.25% Apple Inc (NasdaqGS: AAPL - news) . (AAPL) $590.45 -2.08% Staples Inc (NasdaqGS: SPLS - news) . (SPLS) $15.46 -1.90% FLIR Systems Inc (NasdaqGS: FLIR - news) . (FLIR) $22.49 -1.66% Baidu Inc (NasdaqGS: BIDU - news) . (BIDU) $132.43 -1.50% Vertex Pharmaceuticals Inc (NasdaqGS: VRTX - news) . (VRTX) $38.08 -1.40% Sandisk Corp (NasdaqGS: SNDK - news) . (SNDK) $37.08 -1.32% PACCAR Inc (NasdaqGS: PCAR - news) . (PCAR) $43.17 -1.28% Sears Holdings Corp (NasdaqGS: SHLD - news) . (SHLD) $53.65 -1.25% AB