Equities Open Lower
11-Feb-13 09:50 ET
[BRIEFING.COM] The S&P 500 is off by 0.2% as the benchmark index trades near its early lows. Currently, all ten S&P 500 sectors are trading in the red with energy and materials as the weakest performers. Meanwhile, consumer staples, industrials, and tech shares are seeing slimmer losses than the broader market.
In notable movers, Sanofi (SNY 47.92, +1.40) is rising 3.0% after the company said it plans to acquire common stock of Regeneron (REGN 165.88, +1.89). Regeneron shares are currently halted.