Markets are seeing a mixed day, as surprisingly bad economic data knocked them down early. Despite the manufacturing sector contracting for the first time since July 2009, the major indexes have rallied back to pare their losses. Big acquisitions are driving the headlines today, specifically one in the biotech space and another in the tech realm.
That said, let's take a closer look at how the three major indexes are faring and at the deals happening today.
Index |
Gain/Loss |
Gain/Loss % |
Intraday Value |
---|---|---|---|
Dow Jones Industrial Average |
(46.01) | (0.36%) | 12,834.08 |
Nasdaq | 1.23 | 0.04% | 2,936.78 |
S&P 500 |
(1.86) | (0.14%) | 1,360.30 |
Source: Yahoo! Finance, as of 2 p.m.
Dell is trading slightly lower today after beating the competition to acquire Quest Software
Carl Icahn must be a happy man today, as his holding Amylin Pharmaceuticals
Amylin is many a biotech investor's dream scenario: Get a game-changing drug approved and get bought out. But for those with a little more patience, Motley Fool co-founder David Gardner has recently identified another small-cap health-care company poised for monster returns. To uncover this top pick today, enjoy the special free report "Discover the Next Rule-Breaking Multibagger." Don't miss out on this limited-time offer and your opportunity to discover this game-changing company before the market does. Click here to access your report -- it's totally free.