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Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Tuesday, April 2:

1. -- U.S. stock futures were pointing to a rebound on Wall Street Tuesday ahead of a report that is expected to show an improvement in U.S. factory orders.

European stocks were rising Tuesday. Japan's Nikkei 225 fell 1.08%.


2. -- The economic calendar in the U.S. Tuesday includes factory orders for February at 10 a.m. EDT.


3. -- U.S. stocks on Monday fell amid soft manufacturing data.

The S&P 500 dropped 0.45%, to 1,562.17 points.

The Dow Jones Industrial Average declined 0.04%, at 14,572.85 on Monday. The Nasdaq dropped 0.87% to 3,239.17.


4. -- Nasdaq OMX Group (NDAQ - Get Report) agreed to buy eSpeed from BGC Partners (BGCP - Get Report) for $750 million in cash.

eSpeed is an electronic service for trading U.S Treasury notes and bonds. The acquisition, which is expected to close in the middle of 2013, allows Nasdaq to expand into other investment fields.


5. -- U.S. automakers, including Ford (F - Get Report) and General Motors (GM - Get Report), are scheduled Tuesday to release auto sales for March.


6. -- AstraZeneca's (AZN - Get Report) patent for its Pulmicort Respules asthma treatment has been ruled invalid by a U.S. court.

The ruling allows Actavis (ACT) to launch a generic version of the drug; Actavis said it would do so immediately.


7. -- Goldman Sachs (GS - Get Report) launched a specialty finance company to invest in risky credit products.

Goldman has registered the fund as a "business development company" -- a type of investment vehicle that has grown in popularity over the past decade, and which allows Goldman to avoid certain regulations, according to The Wall Street Journal.


8. -- Former Securities and Exchange Commission Chairman Mary Schapiro is joining consulting firm Promontory Financial Group, the Journal reported.

An announcement is expected Tuesday.


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SYM TRADE IT LAST %CHG
BGCP $8.61 0.00%
AZN $65.41 0.00%
F $14.87 0.00%
GS $209.20 0.00%
GM $33.23 0.00%

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DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

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