Here are five things you must know for Tuesday, Dec. 5:
1. -- U.S. stock futures were mixed Tuesday, Dec. 5, with Nasdaq futures down 0.38%, suggesting investors may be questioning the technology sector's ability to extend gains into the new year.
During the previous session, the Nasdaq index declined more than 1% as investors rotated out of growth stocks. A good portion of the pullback could be linked to the U.S. Senate tax reform bill and the benefits it will provide to rival sectors such as banking and financial stocks.
Facebook Inc. (FB) - Get Meta Platforms Inc. Class A Report tumbled more than 2% on Monday, Dec. 4, Apple Inc. (AAPL) - Get Apple Inc. Report fell 0.7%, and Alphabet Inc. (GOOGL) - Get Alphabet Inc. Class A Report declined 1.3%. The Dow Jones Industrial Average, however, closed with a new record on Monday, rising 58 points, or 0.24%, to 24,290.
Asian shares were caught in the tech selloff, with Japan's Nikkei falling 0.4% on Tuesday, and the Hang Seng in Hong Kong declining 1%.
For Tuesday, the economic calendar in the U.S. includes International Trade for October at 8:30 a.m. ET.
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Cineworld will pay $23 a share for Regal, a price that values the Knoxville, Tenn.-based group at $3.6 billion. Along with about $2.2 billion in liabilities, the deal, which will be classified as a reverse takeover, has an enterprise value of $5.8 billion, the companies said.
The combined group will have just more than 9,500 screens across the U.S. and European movie theater markets, the companies said, and the tie-up will be "strongly" accretive to earnings in the first full year following the deal's completion, which is expected in 2019.
Regal Entertainment shares rose 6% in premarket trading to $21.99.
3. -- Shares of Deutsche Bank AG (DB) - Get Deutsche Bank AG Report fell Tuesday in Frankfurt amid reports that German's biggest lender has been asked by Special Counsel Robert Mueller to provide details on accounts held by U.S. President Donald Trump and his family.
German business daily Handelsblatt first reported the subpoena, which it said was received several weeks ago, and noted it was linked to certain loan deals with Trump or his family. The request from Mueller is likely linked to his ongoing probe into Trump campaign ties with Russian officials and any attempt by Russia to meddle in the 2016 presidential election.
Trump's ties to the German bank are well known and, for the most part, a matter of public record. The president's financial disclosure forms revealed outstanding loans with Deutsche Bank -- mostly in the form of mortgages on some of his key U.S. assets -- worth around $400 million last year. A Wall Street Journal report from March 2016, however, pegged the total figure in the region of $2.5 billion..
4. -- General Motors Co. (GM) - Get General Motors Company Report has launched Marketplace, e-commerce technology on a vehicle's dashboard, that allows drivers to order food, reserve hotel rooms or find gas stations.
"The average American spends 46 minutes per day on the road driving," said Santiago Chamorro, GM's vice president for global connected customer experience. "We have an opportunity to make every trip more productive and give our customers time back."
Marketplace works by allowing drivers in more than 2 million connected 2017 GM vehicles to tap select vendors on their dashboard screens in order to place orders while on the road.
The "$1 $2 $3 Dollar Menu" will become a permanent part of the fast-food chain's nationwide menu starting Jan. 4, McDonald's said on Monday. It tested other names, but customers liked the Dollar Menu one best, Chris Kempczinski, who oversees McDonald's Corp.'s U.S. business, told the Associated Press.
This story has been updated from 6:15 a.m. ET.
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