(Bloomberg) -- U.S. stock-index futures fell after analyst downgrades on energy shares and Pfizer Inc. raised concern that a six-week rebound has left stocks expensive relative to earnings.
Takeover news helped limit the losses in index futures. MedImmune Inc. jumped after AstraZeneca Plc agreed to buy the biotechnology company for $15.2 billion in cash to gain flu vaccines and an antiviral treatment for babies. Bank of America Corp. advanced after agreeing to buy ABN Amro Holding NV's LaSalle unit.
Read more at Bloomberg Stocks News
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