Updated from 6:04 a.m. EDT.
Here are 10 things you should know for Tuesday, May 27:
1. -- U.S. stock futures were rising Tuesday while European shares gained on hopes for easier monetary policy.
Asian stocks ended the session mixed. Japan's Nikkei 225 index rose 0.2%.
2. -- The economic calendar in the U.S. on Tuesday includes durable-goods order for April at 8:30 a.m. EDT, the Case-Shiller 20-city Index for March at 9 a.m., the FHFA Housing Price Index for March at 9 a.m., and consumer confidence for May at 10 a.m.
3. -- U.S. stocks on Friday (markets in the U.S. were closed Monday for Memorial Day) rose, with the S&P 500 closing above 1,900 for the first time ever after stronger-than-expected new home sales in April provided further evidence of a housing recovery.
The Dow Jones Industrial Average rose 0.38% to close at 16,606.27. The S&P 500 closed 0.42% higher at 1,900.53, breaking its record close of 1,897.45 on May 13. The Nasdaq gained 0.76% to 4,185.81.
Pfizer had until 5 p.m. local time in London on Monday to extend a firm offer for AstraZeneca or declare its intent not to do so. Under U.K. law, Pfizer now can't make another offer for six months.
Pfizer shares rose 0.7% in premarket trading to $29.70. AstraZeneca shares fell 1.6% to $71.15.
Apple plans to take on rivals Google (GOOG) and Samsung and make a "big play" in the world of smart home technology at its Worldwide Developer Conference on June 2 in San Francisco, according to people familiar with the matter, the FT reported.
Apple shares rose 0.7% to $618.34 in premarket trading.
Bank of America shares rose 0.8% in premarket trading to $14.83.
7. -- Siemens (SI) is readying a formal offer for Alstom under which it would transfer its rail activities and less than 7 billion euros in cash to Alstom, its French rival, in exchange for its power assets, sources familiar with Siemens thinking told Reuters. The offer under consideration put a slightly higher value on Alstom's energy activities than a rival bid from General Electric (GE), the sources said. 8. -- Intuit (INTU) agreed to buy bill-payment service Check Inc. for $360 million, The Wall Street Journal reported, according to two people familiar with the situation. The deal is expected to be announced Tuesday.
9. -- AutoZone (AZO) reported on Tuesday fiscal third-quarter earnings of $8.46 a share, 1 cent ahead of estimates. Sales were $2.3 billion.
The stock rose 1% to $546.34 in premarket trading.
10. -- Fox-Marvel's "X-Men: Days of Future Past" debuted with $91 million over the Memorial Day weekend, beating last weekend's No. 1 hit, the Warner Bros. sci-fi adventure "Godzilla," which earned $31.4 million in its second weekend, according to studio estimates. >> Read More: Dow, Russell 2000 Market Divergence -- Warning or Opportunity? >> Read More: American Air President: 'Don't Call Us Nickel and Dimers' >>Read More: It's Time to Look Abroad to Enhance Your ETF Portfolio
-- Written by Joseph Woelfel
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