5 Things You Should Know Before the Bell Monday
Here are the important things to know before the markets open:
1. U.S. stock futures were mostly lower as the Dow Jones Industrial Average and S&P 500 looked to recover from two-week losing streaks, while European shares traded cautiously amid the prospect for new elections in Germany.
2. Marvell Technology Group Ltd. (MRVL) - Get Report reached a deal to buy chipmaker Cavium Inc. (CAVM) for about $6 billion.
3. Alibaba Group Holding Ltd. (BABA) - Get Report agreed to acquire a major stake in China's largest hypermarket operator, Sun Art Retail Group, as the Chinese e-commerce giant continues its push into bricks-and-mortar retail.
4. Qualcomm Inc. (QCOM) - Get Report is set to win "imminent" Japanese antitrust clearance for its $38 billion bid for NXP Semiconductors NV (NXPI) - Get Report and gain approval in Europe by the end of the year with slight tweaks to its concessions, a person familiar with the matter told Reuters.
5. Earnings reports are expected from Agilent Technologies Inc. (A) - Get Report , Hewlett Packard Enterprise Co. (HPE) - Get Report , Intuit Inc. (INTU) - Get Report , Palo Alto Networks Inc. (PANW) - Get Report and Urban Outfitters Inc. (URBN) - Get Report .
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