Stocks flat despite DirecTV takeover

NEW YORK (CNNMoney)

But so far, these big deals haven't translated into much enthusiasm in the broader market. The Dow and S&P 500 were flat in early trading. The tech-heavy Nasdaq was picking up a bit of steam.

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.

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 were also lower.

AstraZeneca's (AZN) shares plunged 12% 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 in early trading Monday.

Related: Retailers under the microscope

There's not much in terms of economic and earnings announcements on the docket Monday.

Campbell Soup (CPB, Fortune 500) reported slightly better than forecast earnings early Monday but lowered its 2014 sale outlook, sending shares down sharply. 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) popped 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

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

http://sepakgajah.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