-Deutsche upgrades Amgen to buy from hold

Dow Jones Industrials: -0.11%
Nasdaq Comp.: 0.18%
S&P 500: -0.15%

The main US equity benchmarks are now trading in a slightly mixed fashion, following last Friday's sharp selling and following a barrage of company results out earlier today.

Worth pointing out, the main market averages up despite heavy-machinery manufacturer Caterpillar coming out and lowering its guidance for 2012. The company is projecting earnings in a range of $9 to $9.25 a share on sales of about $66bn, as opposed to previous estimates of about $9.60 a share and $68bn to $70bn, respectively.

Results from Yahoo and Texas Instruments are due out after the close of trading.

In M&A news, Halcon Resources will buy producing oil-and-gas assets in the Williston Basin from Petro-Hunt and an affiliated entity for about $1.45bn.

Pfizer is to pay $680m for Next Wave.

Permira advisors will acquire Ancestry.com for $1.6bn.

Front month West Texas crude futures are now falling by 0.72% to the $89.40/barrel mark on the NYMEX.

10 year US Treasuries are off by 10/32 dollars, with yields now at 1.80%.

AB

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