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

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