Market Close for Tuesday, September 07, 2010

After the close…

Notable stocks reporting after the close today included FLOW, MIND, NAV,
PBY and PVH.

If you didn’t notice, the return from the Holiday was a definite sell it day.

Today, Bristol-Myers Squibb (BMY) announced the company will acquire ZymoGenetics (ZGEN) for $9.75 in cash. Initially, the transaction is expected to be dilutive to EPS for BMY.

Futures are trading higher after hours: S&P 500 futures are +0.15 from fair value of 1091.05 and Nasdaq100 futures +3.29 points from fair value of1854.21.

All ten sectors were in negative territory today, led by financials (-2.4%), energy (-1.6%) and consumer discretionary (-1.6%).

Tomorrow we have no economic reports and before the open look for the following companies to report earnings: CIEN, HITK, JTX, SFD, TLB, TITN and UNFI.

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