Updated from 6:33 a.m. EDT
Here are 10 things you should know for Tuesday, April 15:
1.-- U.S. stock futures turned higher on Tuesday but global markets fell amid worries over tensions in Ukraine and after Chinese data pointed to an economic deceleration.
European stocks were down in early trading Tuesday.
Hong Kong's Hang Seng declined 1.6% and China's Shanghai Composite Index fell 1.4%. Japanese stocks bucked the trend with the Nikkei closing up by 0.6%.2.-- The economic calendar in the U.S. on Tuesday includes the Consumer Price Index for March from 8:30 a.m. EDT, the Empire State Manufacturing Index for April at 8:30 a.m., and the NAHB Housing Market Index for April at 10 a.m. 3.-- U.S. stocks on Monday rose after stronger-than-expected earnings from Citigroup (C), and after U.S. retail sales beat expectations. The Dow Jones Industrial Average closed 0.91% higher to 16,173.24 while the S&P 500 gained 0.82% to finish at 1,830.61. The Nasdaq added 1.57% to 4,022.69. 4. -- Jeff Immelt may give up leadership of General Electric (GE - Get Report) sooner than his expected 20-year tenure, as he and fellow directors re-evaluate the right term for its chief executive, people familiar with GE's thinking told The Wall Street Journal. Immelt, who has been CEO of GE for nearly 13 years, has led several board discussions about shortening the expected tenure for GE's next chief executive to between 10 and 15 years, the people told the newspaper. Immelt maintains strong support on the board, but directors increasingly expect that he will step down before reaching the two-decade mark in 2021, the people said.
GE shares rose 0.3% in premarket trading on Tuesday. 5. -- Yahoo! (YHOO - Get Report) is expected by Wall Street to report after Tuesday's closing bell first-quarter earnings of 37 cents a share on revenue of $1.08 billion.
The Internet company earned 38 cents a share in the year-earlier quarter. 6. -- Juniper Networks (JNPR), which is pressure from activist investor Elliott Management to restructure, is exploring a sale of its mobile security unit Junos Pulse, Reuters reported, citing people familiar with the matter. The move follows an extensive review of Juniper's enterprise businesses and could signal a willingness by the network gear maker to shed more non-core assets, in line with recent calls by some of its activist shareholders, according to Reuters. 7. -- Beverage giant Coca-Cola (KO) posted adjusted first-quarter earnings of 44 cents a share, in line with analysts' forecasts. Revenue was $10.58 billion vs. year-earlier sales of $11.04 billion.
The stock was rising 1.5% in premarket trading to $39.31. 8. -- Wall Street expects Intel (INTC), the chipmaker, to post first-quarter profit of 37 cents a share on revenue of $12.82 billion.
9. -- Relativity Media was rebuffed in a last-minute bid for Maker Studios, the YouTube video creator that agreed to be bought by Walt Disney (DIS) last month. On Sunday, privately held Relativity offered cash and stock worth $525 million for Maker, plus up to $500 million in cash and stock if performance targets were met. Relativity also offered stock worth up to $75 million to key Maker talent and executives who did not have a stake in maker.
Maker Studios said Monday that its board and the majority of its shareholders had approved the sale to Disney and it expects that deal to close in the next few weeks. 10. -- Health care giant Johnson and Johnson (JNJ) reported first-quarter earnings of $1.64 a share compared with year-earlier earnings of $1.22. Analysts were looking for profit of $1.48 a share.
The stock rose 1.4% in premarket trading to $98.50. -- Written by Joseph Woelfel