Advertisement
Canada markets open in 4 hours 5 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7327
    +0.0004 (+0.05%)
     

  • CRUDE OIL

    83.70
    +0.13 (+0.16%)
     

  • Bitcoin CAD

    87,977.17
    +542.95 (+0.62%)
     

  • CMC Crypto 200

    1,391.02
    -5.52 (-0.40%)
     

  • GOLD FUTURES

    2,363.30
    +20.80 (+0.89%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,725.00
    +157.50 (+0.90%)
     

  • VOLATILITY

    15.61
    +0.24 (+1.56%)
     

  • FTSE

    8,109.58
    +30.72 (+0.38%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6820
    -0.0001 (-0.01%)
     

Commodities weigh on stocks; Pfizer makes it official; Wal-Mart's Cyber Sunday

Yahoo Finance

Wall Street is having a tough time keeping the rally alive this morning. Stocks (^GSPC) (^DJI) (^IXIC) opened the day mixed, as weakness in commodity prices gives investors a reason to pause.

Mega drug deal

Allergan (AGN), the botox maker, is being bought by Pfizer (PFE) for about $160 billion in stock. The combinantion creates the world's largest drug maker.  The so-called tax inversion deal could also potentially save Pfizer millions in taxes each year. 

Lions Gate Entertainment (LGF) is in the spotlight this morning. The studio's final film in the "Hunger Games" series topped the box office this weekend, bringing in an estimated $101 million according to Rentrak. Even though the "Mockingjay - Part 2" debut was the fifth-highest opening this year, it still wasn't good enough to beat its own records. The movie ranked the lowest of the four installments in the franchise.

ADVERTISEMENT

Get the Latest Market Data and News with the Yahoo Finance App

Tyson Foods (TSN) handed in mixed results for its fiscal fourth quarter. Earnings per share missed estimates, while revenue came in slightly above expectations. Sales rose 4% from a year ago thanks to strong demand for chicken and its acquisition of Hillshire Brands, which helped lift sales of prepared food.  

Chipotle (CMG) is in focus after the stock fell more than 12% on Friday following news that the E. coli outbreak spread to restaurants in other states, including California, New York, Ohio, and Minnesota.

Brocade Communications (BRCD), the chip maker, is due to report results after the market's close. Analysts are looking for Brocade to earn $0.24 a share on revenue of nearly $576 million dollars.

Cyber Sunday?

We already have Black Friday and Cyber Monday, is Cyber Sunday next? Wal-Mart (WMT) thinks so, announcing that it will reveal its cyber—or online sales—on Sunday night, as opposed to Monday like other retailers.

Free Tuition

Finally - you’ve heard of workplace perks like free food and gym memberships, but how about a free MBA or JD? Fiat-Chrysler (FCAU) is now offering free tuition for about 700,000 dealership employees and family members, a rare benefit in the auto industry.