Quick Look Market Closing Price:
At the close: Dow -1.14% to 12151. S&P -1.25% to 1249. Nasdaq -1.34% to 2590.
Treasurys: 30-year +1.21%. 10-yr +0.48%. 5-yr +0.04%.
Commodities: Crude -1.8% to $99.52. Gold -2.68% to $1552.70.
Currencies: Euro -1.02% vs. dollar. Yen +0.14%. Pound -1.38%
After Hours News:
Leggett & Platt (LEG) expects a Q4, largely non-cash, pre-tax charge of approximately $36M due to restructuring-related activity including the closure of certain manufacturing facilities. The charge will impact after-tax earnings only, therefore FY11 EPS expectations have not changed from prior $1.15 - 1.20 guidance issued in October
Alexion Pharmaceuticals (ALXN) agrees to buy privately-held biotech firm Enobia for $1.08B in cash - with $610M paid up front and the rest after various regulatory and sales milestones are hit. Enobia is focused on therapies treating patients with ultra-rare, life-threatening genetic disorders. Shares -1.3% AH
Chipmaker Exar (EXAR) drops 3.3% AH after warning it expects FQ3 revenue of $28M-$30M and a gross margin of 48%-50%, below prior guidance of $32M-$34M and 49%-51%
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