Upgrades and downgrades before the market open:

Market news

9 January 2013

Upgrades and downgrades before the market open:

Downgrades:
McDonald's (MCD) downgraded to Mkt Perform from Outperform at Raymond James
Bank of America (BAC) downgraded to Neutral from Outperform at Credit Suisse

Other:
Amazon.com (AMZN) resumed with a Buy at Goldman

Before the bell: S&P futures +0.21%, Nasdaq futures +0.15%

Option expiries for today's 1400GMT cut

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