June 9 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Monday, June 9:
1. -- U.S. stock futures were lower on Monday but global stocks rose on stronger first-quarter growth in Japan.
Japan's Nikkei 225 index rose 0.3%.
2. -- The economic calendar in the U.S. on Monday is quiet.
3. -- U.S. stocks on Friday rose as the investor outlook was boosted by an above-average U.S. jobs report .
The S&P 500 gained 0.46% to close at 1,949.44 and the Dow Jones Industrial Average added 0.52% to 16,924.28. The Nasdaq rose 0.59% to 4,321.4.
4. -- Tyson Foods
The decision was made over the weekend, the people told Bloomberg. Terms weren't immediately available but reports said Tyson is expected to pay $63 a share in cash for Hillshire, which would value the company at $7.8 billion. Pilgrim's offer was at $55 a share, or about $6.7 billion.
Hillshire shares closed Friday at $58.92 and were up 5.1% to $61.90 in premarket trading on Monday.
5. -- Netflix
It is one of several corporate governance items on the agenda, with others including a proposal to put all board members up for re-election every year, rather than every three years, according to The New York Times .
Netflix shares rose marginally in premarket trading to $430.99.
6. -- Apple's
Apple announced a 7-for-1 split in April.
In premarket trading on Monday, the stock was down 0.02% to $92.21.
7. -- Credit Suisse
The Swiss bank in March registered a new subsidiary, Wake USA LLC, to trade U.S. Treasurys, bond futures and other products electronically, according to a regulatory filing, the Journal reported.
8. -- Activist investor Carl Icahn acquired a 9.4% stake in discount retailer Family Dollar
Shares of Family Dollar, Matthews, N.C., rose nearly 10% to $66.40 in after-hours trading on Friday. In premarket trading, the stock rose 12% to $67.80.