|
* A euro zone official said Greece will not be able to get the
money still available under its current bailout plan if it does
not agree to the outline of a such a deal by the end of the
week.
* The Commerce Department is expected to report U.S. economy
likely shrank in the first quarter instead of growing, as was
estimated last month. The data is due at 8:30 a.m. ET (1230
GMT).
* While several economists have cast doubts on the accuracy of
GDP estimates for the quarter, investors will peruse the data
for clues to narrow down the timing of an increase in interest
rates.
* With growth estimates so far for the second quarter around 2
percent, the economy appears poised for its worst first half
performance since 2011.
* The GDP report is also expected to show a second quarterly
drop in corporate profits because of the strong dollar and oil
prices.
* Altera rose 6.2 percent to $49.90 in premarket trading after
the New York Post reported that Intel was close to buying the
chipmaker for about $15 billion. Intel was up 0.85 percent to
$34.30.
* Splunk fell 1.1 percent to $70.30 after the data analytics
software maker posted a bigger quarterly loss, hurt by higher
expenses.
* Heron Therapeutics rose 35.63 percent to $16.75 after the
company's nausea drug met the main goal in a late-stage trial.
Futures snapshot at 7:34 a.m. ET (1134 GMT)
* S&P 500 e-minis were down 3 points, or 0.14 percent,
with 118,694 contracts traded.
* Nasdaq 100 e-minis were down 8.5 points, or 0.19 percent, on
volume of 19,130 contracts.
* Dow e-minis were down 13 points, or 0.07 percent, with 21,835
contracts changing hands.
(Additional reporting by Sayantani Ghosh in Bengaluru; Editing
by Savio D'Souza)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
