U.S. PRE-MARKET INDICATORS -Dow Jones Industrial Average futures (+0.02%) -S&P 500 futures (-0.23%) -Nasdaq Pre-Market indicator (+0.13%) GLOBAL SENTIMENT Nikkei up 0.1% Hang Seng down 0.1% Shanghai Composite up 0.1% FTSE-100 down 0.8% PRE-MARKET SECTOR WATCH (-) Large cap tech: mostly higher (+,-) Chip stocks: up (+,-) Drug stocks: down (-) Financial stocks: down (+,-) Retail stocks: mixed UPSIDE MOVERS (+) BIDU (+1.6%) inks deal with Microsoft (+) SUG (+1.6%) boosts offer for Southern Union (+) INO (+1.6%) vaccine study results published (+) CLWR (+1.6%) upgraded (+) ZLCS (+1.6%) initiated (+) BLUD (+1.6%) signs acquisition agreement DOWNSIDE MOVERS (-) MCP (+1.6%) rare earth stocks under pressure (-) GORO (+1.6%) negative Barron's article (-) REE (+1.6%) rare earth stocks under pressure MARKET DIRECTION Stocks are mixed to higher as broad-market index S&P 500 is tilting down while the Dow Jones Industrial Average and Nasdaq Composite futures are moving to the upside. The economic calendar after the holiday weekend is relatively light, with data on May factory orders due at 10 a.m. EST. In Europe, equities held a tight range as a Chinese interest rate hike was seen in the offing while US markets were closed for the July 4 holiday. Financial and bank stocks were trending lower as concerns over sovereign debt again weighed on investor concerns. Meanwhile, Japan's Nikkei stock finished the day 0.1% higher at 9,972.46, China's Shanghai Composite Index finished higher after a choppy trading session. Commodities are mixed as August gold contracts are up $28.60 to $1,511.20 an ounce while August crude oil contacts are up $1.46 at $96.40 a barrel.

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