Guess what was attracting investor attention in preopen trading this morning. Do you even need two guesses?
It was the deal that was on everyone's lips after the close Friday and was finally confirmed Sunday. Yep, the $45 billion
blue-chip nuptials between
The news had GE trading at $50.63, down from its Friday closing price of $52.25, on
. Honeywell lately was trading at $49.25, jumping $3.25 from its Friday close of $46.
reported better-than-expected earnings this morning, which had it bouncing $1.44 to $107.38, from its end-of-the-week closing price of $105.94.
Futures lately were pointing to a flat to negative opening. The
S&P 500 futures on
lately were down 2 to 1409, about matching fair value as calculated by
futures were off 14.5 to 3485, about 5.5 points below fair value as calculated by
Europe's major indices were mixed going into midsession, with France's
up 0.3%, Germany's
down 0.2% and the U.K.'s
up 0.7%. Japan's
lost 0.7% overnight, while Hong Kong's
rose 0.4% (see today's
Asian Markets Update for more).
For Friday's postclose trading, see The Night Watch.