From The Trading Floor: After the biggest weekly drop in 2 years, equities are fluctuating this morning as the S&P 500 trades below its 200 day moving average
Quiet economic calendar this morning as many are observing the Columbus Day holiday.
CSX has reportedly rebuffed a merger approach from Canadian Pacific Railway (NYSE:CP) in a deal that would create an industry giant with a combined market cap of $62B.
NetScout Systems announced an agreement to acquire Danaher’s communications business in a transaction valued at $2.6 bln
Targa Resources Partners and Targa Resources Corp. will acquire Atlas Pipeline Partners, L.P. and Atlas Energy, L.P. for total consideration of $5.8 bln, including $1.8 bln of debt
Shares in Fiat Chrysler Automobiles are due to begin trading under the symbol FCA on the NYSE this morning, after which they'll debut in Milan as well.
Steris has agreed to acquire the U.K.'s Synergy Health for $1.9B in cash and stock in a deal that brings together Steris' Infection Prevention & Services businesses with Synergy's Hospital Sterilization Services
Saudi Arabia has reportedly been telling oil-market investors and analysts that it is ready to accept oil prices below $90 per barrel, and even as low as $80, for up to a year or two
Chinese exports blew past forecasts and accelerated to +15.3% on year in September from +9.4% in August. Imports recovered to +7% from -2.4% and vs consensus of -2.7%.
Resistance today looks to be at the 1926 / 1929 level with support at 1895 / 1898
