U.S. equity index futures are higher this morning. S&P 500 futures added 4 points in pre-opening trade.
Federal Reserve Chairman Ben Bernanke is scheduled to present to the House Financial Services Committee this morning.
Schlumberger offered to purchase Smith International in a friendly share exchange valued at $11.3 billion. Schlumberger slipped 5% and Smith International gained 7% on the news.
Lowe’s Companies added 3% after reporting higher than expected fourth quarter earnings.
Campbell Soup is unchanged after reporting fiscal second quarter earnings in line with expectations.
Credit Suisse changed opinions on two Canadian energy stocks. Cenovus was downgraded from Outperform to Neutral. Canadian Natural Resources was upgraded from Neutral to Outperform.
GlaxoSmithKline eased 2% following a congressional report that raised concerns about Avandia, GlaxoSmithKline’s diabetes drug.
Don Vialoux, chartered market technician, is the author of a free
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