This Monday morning, U.S. stocks were little changed as investors braced for a very busy week of quarterly results from the major U.S. banks and several Dow 30 companies.
Health stocks were down after Eli Lilly (LLY.N) said it was not persuing an experimental heart drug. Shares of Lilly fell as much as 8.9 percent to $78.47, putting the stock on track for its biggest single-day day decline in seven years.
Rival Merck (MRK.N) was also down 2 percent at $49.91.
Tech stocks were a hot discussion with Dell leading the news.
EMC’s shares (EMC.N) were up 2.6% ($28.60) after Dell Announced it would Aquire the data storage company in a $67 billion deal. VMware (VMW.N), which is majority owned by EMC, then fell 6.6% to $73.46.
At 9:36 a.m. ET, the Dow Jones industrial average .DJI was down 9.12 points, or 0.05 percent, at 17,075.37.
For more on the changes in the market visit Reuters
Information compiled from article on Yahoo! Finance, Reuters and The Wall Street Journal