March 25 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Tuesday, March 25:
1.-- U.S. stock futures were rising as were European shares early Tuesday.
Asian stocks ended Tuesday's session mostly in the red on growth concerns over the Chinese and U.S. economies. Japan's Nikkei 225 index fell 0.4%.
2.-- The economic calendar in the U.S. on Tuesday includes the Case-Shiller 20-city Index for January at 9 a.m. EDT, the FHFA Housing Price Index for January at 9 a.m., consumer confidence for March at 10 a.m. and new home sales for February at 10 a.m.
3.-- U.S. stocks on Monday closed lower following poor manufacturing data in the U.S. and China, the world's first- and second-largest economies.
The Dow Jones Industrial Average fell 0.16% to close at 16,276.89, while the S&P 500 declined 0.49% to 1,857.46. The Nasdaq shed 1.18% to 4,226.38, as biotech stocks declined.
4.-- Walt Disney
It's the latest and largest acquisition of a YouTube channel network by a major Hollywood studio and represents another vote of confidence in the video service as an incubator of talent, The Associated Press reported.
Disney said it would pay up to $450 million more in bonuses if Maker meets performance targets. The Maker deal is Disney's biggest acquisition since it bought "Star Wars" creator Lucasfilm for $4.06 billion in late 2012.
Disney shares rose 1.2% to $80.41 in premarket trading on Tuesday.
5. -- The hotly anticipated initial public offering of cloud storage startup Box became real for investors on Monday as the company officially filed for its debut on the New York Stock Exchange with the preliminary goal of raising $250 million in proceeds.
The lead underwriters for the transaction are Morgan Stanley , Credit Suisse and JP Morgan.
The Class A common stock will be listed as "BOX" on the NYSE.
6. -- The IPO for King Digital , the company behind mobile game "Candy Crush Saga," could be priced Tuesday night with the stock making its debut Wednesday on the NYSE.
The company could be valued as high as $7.6 billion if its initial public offering prices at $24 a share, the upper end of its expected range.
7. -- Walgreen
Same-store sales in the quarter rose 4.3%.
The stock rose 3% in premarket trading to $66.25.
8. -- Italian eyeglass maker Luxottica announced it will make frames for Google's
Luxottica's brands include Ray-Ban and Oakley.
CEO Andrea Guerra told La Repubblica that the push to market will be in 2015.