5 Things You Should Know Before the Stock Market Opens
NEW YORK (TheStreet) -- U.S. stock futures suggested a higher Wall Street open on Monday, and European shares posted muted gains amid worries of Greece's future in the eurozone.
Meanwhile, a weekend summit of G8 leaders in Washington did little to encourage investors the world's biggest economies were ready to tackle threats to the global economy.
Asian shares finished higher Monday after last week's sharp selloffs. Japan's Nikkei 225 rose 0.3% to 8,636.89.
The U.S. economic calendar on Monday and for most the week is light.
Yahoo! (YHOO) reached a deal to sell up to half of its stake in Alibaba back to the Chinese e-commerce company for about $7.1 billion. The deal was announced late Sunday. If Alibaba purchases half of the stake for $7.1 billion, it will pay at least $6.3 billion in cash and up to $800 million worth of newly issued Alibaba preferred stock, the companies said. The deal sets up a framework for Yahoo! to eventually monetize all of its Alibaba stake.
The CEO of Nasdaq OMX Group (NDAQ)acknowledged technology problems related to Facebook's (FB) first day of trading on Friday. "This was not our finest hour," said Robert Greifeld, the exchange's CEO, in an interview with reporters, The Wall Street Journal reported. The exchange came under fire after trading in Facebook shares was delayed by 30 minutes on Friday morning. After trading did get underway, brokers who had tried to place trades in the new stock received memos from the exchange saying it couldn't confirm whether those trades went through and, if they did, at what price.
China's Dalian Wanda Group announced it will buy U.S. cinema chain AMC Entertainment Holdings for $2.6 billion to create the world's biggest movie theater operator.
DaVita (DVA), the biggest operator of kidney dialysis clinics in the U.S., agreed on Monday to buy HealthCare Partners, an operator of medical groups in several U.S. states, for $4.4 billion.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.
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