Investors really didn’t like Larry Summers.
REUTERS Markets are set to open higher this morning after Summers took his name out of contention to replace Ben Bernanke as Federal Reserve chief. Dow Jones Industrial Futures have gained 156 points this morning, S&P 500 futures have risen 17.90 points and Nasdaq 100 futures are up 31.75 points. The big gains follow last week’s rise across all benchmarks.
Shares of Blackstone (BX) have gained 3.4% to $23.61 in pre-open trading after it was raised to Buy from Neutral at Merrill Lynch.
Huntsman (HUN) has gained 2.5% to $19.75 after the chemical company’s shares were raised to Buy from Hold at Jefferies.
Bristol-Myers Squibb (BMY) has advanced 1.9% to $44.37 after the pharmaceutical company’s shares were upgraded to Overweight from Neutral by JPMorgan.
Under Armour (UA) has gained 0.2% to $78.65 in pre-open trading after being downgraded to Neutral from Positive at Susquehanna.
Potash Corp. (POT) has gained 1.9% to $33.10 on speculation that a spat between Belarus and Uralkali may be close to getting resolved.
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