Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, March 25:
1. -- U.S. stock futures were rising Monday with investors relieved that Cyprus was able to negotiate a last-minute bailout deal with international creditors over the weekend.
European shares were higher, while Asian stocks finished Monday's trading session with gains. Japan's Nikkei 225 rose 1.69%.
2. -- The economic calendar in the U.S. Monday is bare.
3. -- U.S. stocks on Friday rallied as investors bet that European officials would find a solution to rescue banks in Cyprus.
The S&P 500 jumped 0.72% to 1,556.89. The index dropped 0.24% for the five-day trading period, it's firstly weekly drop in four weeks.
The Nasdaq closed up 0.7% to 3,245. The tech-heavy index dipped 0.13% for the week. The Dow Jones Industrial Average rose 0.63% to 14,512.03. The blue-chip index lost 0.01% for the week.
4. -- Dell
Dell said a special committee of its board determined the two separate bids could be superior to a proposal from founder Michael Dell and Silver Lake Partners to buy the company for $13.65 a share.
Icahn has offered $15 a share for 58% of Dell, while Blackstone has proposed paying more than $14.25 a share. Michael Dell and the Silver Lake group had agreed to buy all of Dell for $13.65 a share.
5. -- Apple
6. -- Vodafone
Vodafone's stake in Verizon Wireless is valued at about $115 billion.
London's Sunday Times said Vodafone could sell the unit, with a deal being struck as soon as the summer.