Equity futures are pointing lower this morning with the Dow Jones Industrial Average looking to open 64 points lower while the broader S&P500 index looking to open 8 points lower. Moving fast in the pre-market session are shares of Amarin up 71% after the company met all primary and secondary endpoints with statistically significant reductions in triglycerides, decrease in LDL-C; and shares of A123 Systems are up over 6% after the company was upgraded to buy from neutral at Goldman Sachs. Shares of Hecla Mining are down over 5% as rescuers try to find a miner who is trapped more than a mile underground following the collapse of a tunnel at a northern Idaho silver mine; and shares of Community Health Systems are down 14% after Oppenheimer downgraded the company to perform from outperform and as it faces inquiry on Medicare claims.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up