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.
The announcement came a week after AstraZeneca's board rejected a $119 billion buyout proposal from Pfizer of New York.
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.
5. -- Apple (AAPL) is readying a new software platform that would turn the iPhone into a remote control for lights, security systems and other household appliances, as part of a move into the "Internet of things," the Financial Times reported.