Wake Up Wall Street: Investors Regain Optimism Over Trump's Tax Plan

U.S. stock futures rebound slightly and European shares rise as investors regain some optimism over tax cuts and fiscal stimulus from the Trump administration.

Author:: Edward Hardy
Publish date:: Mar 28, 2017 7:03 AM EDT

This is what you need to know before the bell:

1. U.S. stock futures rebounded slightly Tuesday and European shares rose as investors regained some optimism over tax cuts and fiscal stimulus from the Trump administration.

2. American Airlines (AAL) - Get Report will take a $200 million stake in China Southern Airlines (ZNH) - Get Report in the second move by a U.S. carrier into the world's fastest-growing commercial aviation market.

3. Amazon (AMZN) - Get Report said Tuesday it purchased Souq.com, the Middle East's biggest online retailer, for an undisclosed amount. The announcement comes a day after state-backed firm Emaar Malls disclosed an $800 million counteroffer.

4. Activist investment firm Red Mountain Capital Partners called on footwear company Deckers Outdoor (DECK) - Get Report , the owner of the UGG boots brand, to sell itself.

5. Shares of Darden Restaurants (DRI) - Get Report rose 3.9% in after-hours trading on Monday after the parent company of restaurant chains Olive Garden and LongHorn Steakhouse topped analysts' earnings expectations.