Premarket, futures are up after closing one of the worst weeks of the year. Gainers this morning include ROK (+8.23%), YHOO, CTSH, COV and STI while losers include LOW (-6.00%), AVP, BLK, NDAQ and PSX.
Over the weekend, the Group of Eight nations met and reaffirmed their commitment to keeping Greece in the eurozone. Also, two opinion polls released in Greece reportedly put the pro-bailout party ahead of the anti-austerity Syriza party.
An informal summit of European leaders is scheduled for Wednesday.
European stocks extended their gains in morning trading and Asian markets ended mixed.
Yahoo (YHOO) and China’s Alibaba Group have agreed to a $7.1 billion deal, in which the Chinese Internet giant will buy back half of Yahoo’s 40% stake in the company. Shares of Yahoo gained 7% in premarket trading on the news. The deal is worth $4.2 billion after tax to Yahoo!
JPMorgan Chase (JPM) will remain in focus, with CEO Jamie Dimon scheduled to speak at a Deutsche Bank conference shortly after the market open. Bank of America (BAC) CEO Brian Moynihan is also to speak.
0515 ET Atlanta Fed President Dennis Lockhart speaks on monetary policy in Tokyo.
0830 ET Chicago Fed April National Activity Index, Mar -0.29.
1100 ET USDA weekly grain export inspections.
1130 ET Weekly 3-mo and 6-mo T-bill auctions.
1600 ET USDA Crop Progress.
n/a NATO Summit in Chicago concludes.