U.S. stocks are pointed higher this morning on a fresh round of economic data, even as crude oil slides back from yesterday's win. Among the equities in focus are agricultural equipment maker Deere & Company (NYSE:DE), tech concern HP Inc (NYSE:HPQ), and biotech interest BioMarin Pharmaceutical Inc. (NASDAQ:BMRN).
It's a disappointing morning for BMRN, as the U.S. Food and Drug Administration (FDA) reported that data on its muscle wastage treatment is not strong enough for approval. Today the shares have shed 2.9% to trade at $94.99. Just last week, the FDA raised questions over the effects of the same drug in young children. The company is up 5.1% so far this year, but has lost about one-third of its value since hitting a high of $151.75 in July.
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