March 26 Premarket Briefing: 10 Things You Should Know

Updated from 7:04 a.m. EDT

Here are 10 things you should know for Wednesday, March 26:    

1.-- U.S. stock futures were rising Wednesday while European and Asian shares gained as investors anticipated further stimulus measures from Europe and China.

Japan's Nikkei 225 index finished with a gain of 0.4%.

2.-- The economic calendar in the U.S. on Wednesday includes durable-goods orders for February at 8:30 a.m. EDT.

3.-- U.S. stocks on Tuesday closed higher Tuesday amid the release of housing data which underscored the ongoing economic recovery despite being slightly below expectations. 

The Dow Jones Industrial Average gained 0.56% to close at 16,367.88, while the S&P 500 rose 0.44% to 1,865.62. The Nasdaq gained 0.19% to finish at 4,234.27.

4.-- Facebook (FB) announced Tuesday the acquisition of virtual reality company Oculus VR, maker of the popular Oculus Rift virtual reality platform, for $2 billion in cash and stock.

Facebook said it expects to close the deal in the second quarter.

Oculus is best known for its virtual reality headset, the Oculus Rift. 

"Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow," said Facebook founder and CEO, Mark Zuckerberg, in apress release. "Oculus has the chance to create the most social platform ever, and change the way we work, play and communicate."

Facebook shares fell 0.02% to $64.88 in premarket trading on Wednesday.

5. -- King Digital, the maker of mobile game "Candy Crush Saga," raised $499.5 million in an initial public offering that values the Irish company at about $7.1 billion.

Shares priced at $22.50 each, the middle of King Digital's expectations. 

The shares are expected begin trading Wednesday on the New York Stock Exchange under the ticker symbol (KING).

6. -- The Federal Reserve will announce the results of the Comprehensive Capital Analysis and Review, the second part of the stress tests of the major U.S. banks, at 4 p.m.

The CCAR incorporates banks' plans to deploy excess capital through dividend increases, share buybacks or acquisitions through a "severely adverse" economic scenario.

If you liked this article you might like

Why Amazon's Reported Smart Glasses Might Be Just a Niche Product -- For Now

PayPal's Venmo Gets Ready to Take on Apple

How PayPal's CEO Uses Military Level Karate to Succeed in Business

Yes, PayPal CEO Actively Practices Martial Arts

7 Essential Rules for Investing in Tech Stocks