Stock Market Today: Stocks flat with Powell, earnings, CPI in focus
The S&P 500, up 16.7% for the year, faces a stern series of tests this week with inflation data, the Fed chief's testimony and the start of Q2 earnings season.
Analyze again for updates all through the deciding to buy and selling day
U.S. fairness futures have been little-modified in early Monday deciding to buy and selling, and paired with a pullback in Treasury bond yields, as investors looked to a busy week on Wall Part road that can attempt the stock market's reliable July start.
As much as this level at eight:21 AM EDT
Morphic Maintaining (MORF) shares soared increased than seventy five% in premarket deciding to buy and selling after the bowel illness authorities agreed to a $Three.2 billion takeover by via Eli Lilly (LLY) .
Eli Lilly can pay $fifty seven per share for Morphic, a nearly eighty% premium to its Friday closing value, and gain entry to its late-stage capsules aimed toward treating ulcerative colitis and Crohn's illness.
Eli Lilly $LLY can pay $Three.2 billion in money for Morphic Therapeutic $MORF, a biotech engaged on oral integrin capsules for energy autoimmune ailments - a roughly 100% premium (of path!) on Friday's closing value. $XBI $IBB https://t.co/BEwdlzQxom— Richard J Directions
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