Updated from 6:29 a.m.
Here are five things you must know for Tuesday, Aug. 9:
1. -- Monster Worldwide (MWW) , best known for its Monster.com job website, has agreed to be bought by Dutch staffing company Randstad for $429 million. The buyer, which says it wants to increase its reach in the digital realm, will pay $3.40 per share in cash, or a 22.7% premium on Monster's Monday closing share price.
Massachusetts-based Monster has a market capitalization of $234.8 billion, though at $2.77 a share it still lags well below its price of more than $90 during the tech bubble of 2000.
In premarket trading, Monster shares were rising by 22% to $3.37.
2. -- In the U.S. Tuesday, stock futures for the major indices were rising by 0.1% as markets remain near all-time highs.
On Monday, health care stocks fell, pulling market indices slightly lower from record-breaking highs on Friday. The S&P 500 sank 0.9% to 2180.89, and the Dow Jones Industrial Average sagged by 0.8% to 18,529.29. The Nasdaq fell 0.15% to 5213.14.
The economic calendar in the U.S. Tuesday includes data on productivity and costs at 8:30 a.m., the comparable-store sales Redbook at 8:55 a.m., and wholesale trade numbers at 10 a.m.
After the market closes, Container Store (TCS - Get Report) , Cyberark Software (CYBR - Get Report) , Fossil (FOSL - Get Report) , SolarCity (SCTY) and Walt Disney (DIS - Get Report) are scheduled to report earnings. Ionis Pharmaceuticals (IONS - Get Report) and US Foods (USFD - Get Report) are also expected to report Tuesday.
On Tuesday morning, Valeant Pharmaceuticals (VRX) reported a loss of $302.3 million, or 88 cents a share, in the second quarter, but reiterated its full-year guidance for revenue of $9.9 billion to $10.1 billion. By comparison, it lost $53 million, or 15 cents a share, in the year-ago quarter. Revenue this quarter was $2.42 billion, an 11% drop. In premarket trading, the stock was rising by 7.4%.
Also on Tuesday, Coach (COH) reported that earnings excluding one-time items increased 47% year over year to 45 cents a share, compared to analyst estimates of 41 cents a share. But Coach said it would close 25% of its North American department store locations. In premarket trading, Coach shares were falling by 4.9% to $39.42.3. -- LendingClub ( LC - Get Report) , an online lender, reported disappointing second-quarter earnings after the closing bell on Monday. The company posted an adjusted loss of 9 cents a share in the quarter, worse than the loss of 3 cents expected by analysts surveyed by Bloomberg. Sales were $102 million; Thomson Reuters' consensus estimate was $101 million.
The company's CFO, Carrie Dolan, also announced she would step down and be replaced for the time being by Bradley Coleman.
LendingClub has been attempting to rebound from its CEO and co-founder's departure as well as regulatory probes into the lender's dealings with investors. The stock has fallen nearly 66% in the past 12 months.
4. -- Crude oil prices rose Monday but were slipping back lower Tuesday morning. West Texas Intermediate crude oil hit $43 a barrel before inching lower again.
On Moday, the Organization of Petroleum Exporting Countries said it would meet in late September, suggesting that it may restart efforts to reduce output amongst its member states. Data on U.S. oil output will be released Wednesday from the Energy Information Administration.
Exxon was rising by 0.12%, Chevron was flat, and ConocoPhillips was sinking by 0.14% in premarket trading.
Disney is expected to post $1.61 in earnings per share for the quarter according to FactSet, up from $1.45 a year ago. Revenue is expected to clock in at $14.15 billion, up from $13.1 billion in the year-ago quarter. Last quarter, Disney missed on estimates for earnings per share and revenue.
Disney has reaped success from its films Captain America: Civil War, The Jungle Book and Finding Dory, and it has built a new theme park in Shanghai Disney. But investors have been worrying over a decline in subscribers to its cable sports network, ESPN.
In premarket trading, Disney stock was rising by 0.74% to $96.46. It closed at $95.75 on Monday, essentially flat.