Stocks: 4 things to know before the open

Written By limadu on Selasa, 27 Mei 2014 | 17.42

S&P futures 2014 05 27

Click chart for in-depth premarket data.

LONDON (CNNMoney)

Here are 4 things you need to know before the open:

1. Fresh record highs in sight: U.S. stock futures were making solid advances ahead of the opening bell, indicating we could see new record highs.

U.S. markets ended on a positive note Friday. The S&P 500 closed at an all-time high of 1,900.5, while the Dow Jones industrial average rose by about 0.4% and the Nasdaq was up by nearly 0.8%.

2. Stocks on the move -- InterContinental Hotels, AstraZeneca, Equifax, Michael Kors: Shares in InterContinental Hotels (IHG) were 5% higher in London after Sky News reported the hotel chain rejected a secret £6 billion ($10 billion) bid by a U.S. suitor. The firm declined to comment on the report.

Shares in AstraZeneca (AZN) were down by just over 2% as investors reacted to Pfizer's (PFE, Fortune 500) confirmation that it would no longer pursue a mega-takeover of the British drugmaker.

Equifax shares were off by 5% and Michael Kors (KORS) shares were up by 1% ahead of the open. The fashion company will report earnings Wednesday.

Related: Fear & Greed Index

3. Economic events: The latest S&P/Case-Shiller 20-city home price index will be published at 9 a.m. ET. This index provides a snapshot of how the U.S. housing market is performing.

The Conference Board will release its latest consumer confidence index at 10 a.m.

Related: Tech stocks are back

4. International movement: European markets had an eventful session Monday -- with some key markets up by over 1% -- but they were less enthusiastic Tuesday.

Investors brushed off European Union election results that showed far-right and far-left parties had gained additional traction. A majority of voters still supported traditional parties in the European Parliament.

Investors were also pleased that Ukrainian elections were completed without too many complications.

Asian markets were mixed Tuesday. To top of page

First Published: May 27, 2014: 5:17 AM ET


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