Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- Here are 10 things you should know for Wednesday, April 3:

1. -- U.S. stock futures were pointing to a second day of gains Wednesday as investor sentiment was stoked by Tuesday's record high closes and expectations that a jobs report will show that the U.S. recovery is strengthening.

European markets were paring earlier losses on Wednesday.

The Nikkei 225 in Japan closed with a gain of 2.99% as its central bank kicked off a two-day day meeting and fueled speculation of aggressive monetary measures.


2. -- The economic calendar in the U.S. Wednesday includes the ADP Employment Change report for March at 8:15 a.m. EDT, and the ISM Services index for March at 10 a.m.


3. -- U.S. stocks on Tuesday finished with gains, led by health care stocks.

The S&P 500 closed 0.52% higher at 1,570.25.

The Dow Jones Industrial Average closed up 0.61% to 14,662.01 while the Nasdaq finished ahead by 0.48% to 3,254.86.


4. -- Verizon Communications ( VZ) denied press speculation it is looking to partner with AT&T ( T) to buy Vodafone ( VOD), the U.K. cellphone company that owns 45% of Verizon Wireless.

Verizon owns the other 55% of Verizon Wireless. Verizon did say, however, it was still interested in buying out Vodafone's stake in Verizon Wireless.


5. -- Pfizer ( PFE), Novartis ( NVS) and Abbott Laboratories ( ABT) are bidding for Brazil's Ache Laboratorios Farmaceuticos in an auction that may value the company at more than $5 billion, people familiar with the matter told Reuters.


6. -- Tesla Motors ( TSLA) is making the Model S electric car available through a special financing program.

Partnering with Wells Fargo ( WFC) and U.S. Bank ( USB), Tesla said it has created a new kind of financing product "that combines the surety and comfort of ownership with all the advantages of a traditional lease."


7. -- The next iPhone from Apple ( AAPL) could be launched this summer, according to The Wall Street Journal.

Apple plans to begin producing a refreshed iPhone similar in size and shape to its current one within the next three months, the report said.


8. -- BP ( BP) said it will put its U.S. wind farm operation up for sale, focusing on its oil and gas projects instead of alternative energy investments.


9. -- Monsanto ( MON) is expected by Wall Street on Wednesday to report fiscal second-quarter earnings of $2.58 a share on revenue of $5.29 billion.


10. -- ConAgra Foods ( CAG) is expected by analysts to post earnings of 56 cents a share in its fiscal third quarter on revenue of $3.87 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.

More from Stocks

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

UAW Officially Files Complaint on Tesla Thanks to CEO Elon Musk

UAW Officially Files Complaint on Tesla Thanks to CEO Elon Musk

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Jim Cramer: Intuit Had a Fantastic Quarter

Jim Cramer: Intuit Had a Fantastic Quarter

Jim Cramer on Foot Locker's Earnings: Nike Is a Buy

Jim Cramer on Foot Locker's Earnings: Nike Is a Buy