This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a weaken open for Wall Street on Monday. European shares were falling, while Asian stocks dived; Japan's Nikkei fell 1.9% to 8,508.32.

The economic calendar in the U.S. on Monday is relatively light.

The yield on 10-year Spanish government bonds surged 25 basis points on Monday to 7.46%, a level that saw other European nations needing a financial bailout. Spain's IBEX was falling about 3%.

BusinessInsider noted Monday that Spain continues to be in deep debt trouble after reports surfaced that certain Spanish regions would be requesting bailout funds from the government.

U.S. stocks finished sharply lower Friday as the soaring Spanish borrowing costs renewed concerns about Europe's debt crisis.

The Dow Jones Industrial Average declined 121 points, or 0.93%, to close at 12,823 on Friday. The year-to-date gain sits at 4.95%.

The S&P 500 fell 14 points, or 1.01%, to settle on Friday at 1363. The Nasdaq sank 41 points, or 1.37%, to finish at 2925.

NRG Energy (NRG - Get Report) said Sunday it reached a deal to buy GenOn Energy (GEN) for $1.7 billion in stock.

Seeking Alpha noted that the merger creates the largest competitive power generation company in the U.S.

McDonald's (MCD - Get Report), the fast-food giant, is expected by analysts Monday to post second-quarter profit of $1.38 a share on sales of $6.94 billion.

Other companies on the earnings docket Monday include Texas Instruments (TXN), Halliburton (HAL) and Hasbro (HAS).

Germany's Bayer and Onyx Pharmaceuticals (ONXX) said Monday that Tarceva in combination with Nexavar tablets for the treatment of hepatocellular carcinoma, a type of liver cancer, failed in further improvement of overall survival.

Bayer and Onyx jointly produce Nexavar. Tarceva is sold by Astellas Pharma and Roche.

DreamWorks Animation (DWA - Get Report)reached a deal to buy Classic Media for $155 million.

Classic Media owns such titles as "Casper," "Rudolph the Red-Nosed Reindeer" and "Lassie."

Ernie Els won the British Open on Sunday when Adam Scott bogeyed the final four holes.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ONXX $0.00 0.00%
DWA $24.69 0.00%
GEN $4.99 0.00%
MCD $114.23 0.00%
NRG $11.62 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs