Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Monday, April 1:
1. -- U.S. stock futures were slightly lower on Monday ahead of the Institute for Supply Management's manufacturing survey for March.
European markets were closed Monday.
Japan's Nikkei 225 index fell 2.1% after a central bank survey showed a smaller-than-expected improvement in business sentiment.
2. -- The economic calendar in the U.S. Monday includes the ISm Index for March at 10 a.m. EDT, and construction spending and factory orders for February at 10 a.m.
3. -- U.S. stocks on Thursday finished with gains and the S&P 500 reached a record closing high on the final trading day of the quarter.
The S&P 500 climbed 0.4% to close at 1569.19, trumping its former record of 1,565.15 reached on Oct. 9, 2007.
The Dow Jones Industrial Average gained 0.36% to 14,578.54. The Nasdaq added 0.34% to 3,267.52.
U.S. markets were closed Friday.
4. -- BlackBerry
The smartphone maker earned 22 cents a share on revenue of $2.7 billion during the quarter. Analysts were looking for BlackBerry, formerly known as Research In Motion, to lose 29 cents a share on revenue of $2.84 billion.
The company said it shipped 6 million BlackBerry smartphones, including 1 million BlackBerry 10 smartphones and 370,000 PlayBook tablets, during the quarter.
BlackBerry shares rose 22% in the first quarter.
5. -- Dell
6. -- Analog Devices
The chipmaker said Friday that President Vincent Roche has been appointed CEO on an interim basis.
7. -- India's Supreme Court on Monday rejected Novartis'
Novartis argued that it needed a patent to protect its investment in the drug while activists said the drug didn't merit intellectual property protection in India because it was not a new medicine, The Associated Press reported.
8. -- Michael Steinberg, a senior portfolio manager for SAC Capital Advisors, was arrested Friday, accused of joining an insider trading conspiracy that the government said made more than $6 million illegally for the investment company founded by businessman Steven A. Cohen.
Steinberg pleaded not guilty Friday to the insider trading charges.