Market Wrap: Bristol-Myers/Inhibitex Get Together; Netflix Across the Pond; Credit Spending Booms

Market wrap-up for January 9th

End of the Day: Dow Jones up 32.8 to 12,392.69; Nasdaq up 2.3 to 2,676.56; S&P 500 up 2.9 to 1,280.70

The following is a brief summary of events moving markets today:

• Bristol-Myers shaking up HCV arena: Over the weekend, Bristol-Myers Squibb Company (NYSE: BMY) made a move to acquire Inhibitex, Inc. (Nasdaq: INHX) for $26.00 per share in cash, or approximately $2.5 billion.
  
  Other stocks moving on the news today include Achillion (Nasdaq: ACHN) and Idenix (Nasdaq: IDIX).
  
  
• Oy! Netflix is now in the U.K... Cheers mate!: Netflix, Inc. (Nasdaq: NFLX) launched in the U.K and Ireland with monthly fees of £5.99 in the UK and €6.99 in Ireland. Additionally, in an interview, Reed Hastings said content acquisition would put Netflix into negative territory for 2012. For more on that, click here.
  
  
• Hmmm...wait for Alcoa earnings, or watch paint dry?: Alcoa (NYSE: AA) was trading just about flat post-market Monday after "unofficially" kicking off fourth-quarter earnings season with lukewarm results. The miner reported a loss of 3 cents per share on revenue of $5.99 billion, versus consensus views calling for a loss of 2 cents per share and revenue of $5.74 billion. For more on the quarter, click here.
  
  
• Credit cards are back, baby!: Consumer credit in December rose by 10 percent to $2.478 trillion. Of the total, revolving credit rose 8.5 percent to 798.3 billion, and nonrevolving jumped 10.7 percent to $1.665 trillion. This was the biggest percentage gain since October 2001.
  
  
• How's the U.S. going to get out of this one?: Amir Mirzaei Hekmati, a former U.S. Marine, was sentenced to death in Iran on charges of Moharebe. First, Iran believes Hekmati worked for the CIA as a spy, and, second, Moharebe means enemy of God, the highest crime in Islamic law that carries the death penalty in countries where Sharia law is practiced, according to the WSJ.
  
  The family denied the allegations, saying an August 2011 trip to Iran was for personal reasons.

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