Upgrades and downgrades of Dow Jones Industrial components before the market open:

Market news

30 January 2012

Upgrades and downgrades of Dow Jones Industrial components before the market open:

Microsoft (MSFT) was upgraded to Overweight from Neutral at Atlantic Equities
Bank of America (BAC) was downgraded to a Neutral from Buy at Goldman Sachs.
Procter & Gamble (PG) was downgraded to a Neutral from Buy at UBS.
Procter & Gamble (PG) was downgraded to Market Perform from Outperform at BMO Capital.

Before the bell: S&P futures -0.9%, Nasdaq futures -0.9%

U.S.: Personal spending , December 0.0% (forecast +0.2%)

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