Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Tuesday, May 28:
1. -- U.S. stock futures were pointing to a rebound Tuesday after the S&P 500 posted its first weekly decline in five weeks ahead of what's expected to be improved consumer confidence and home price reports and amid a pair of upbeat M&A developments.
2. -- The economic calendar in the U.S. Tuesday includes the S&P/Case-Shiller 20-city home-price index for March at 9 a.m. EDT, and consumer confidence for May at 10 a.m.
3. -- U.S. stocks on Friday closed mixed and posted their first weekly decline in five weeks on concern the Federal Reserve may wind down its stimulus program.
The S&P 500 finished down 0.06% on Friday to 1,649.60, off 1.07% for the week. It was the first weekly decline since the week ended April 19.
The Dow Jones Industrial Average settled up 0.06% on Friday to 15,303.10 and inched down 0.33% for the week. The Nasdaq closed down 0.01% to 3,459.14, off 1.14% for the week.
Stock markets in the U.S. were closed Monday for the Memorial Day holiday.
4. -- Valeant Pharmaceuticals
5. -- U.K. drugmaker AstraZeneca
6. -- Tiffany
7. -- Yahoo! has bid from $600 million to $800 million for the premium video site Hulu, according to AllThingsD, which cited numerous sources close to the situation.
8. -- A fire aboard Royal Caribbean's