What you need to know before the US open
Following a record close yesterday, US stock futures suggest a slightly lower open for markets today.
The upbeat sentiment’s still there, but investors are finding fewer reasons to push things higher.
Meanwhile, European stocks have dipped, with the euro gaining, as investors await the European Central Banks policy meeting later this week.
Corporate news
AT&T has upped its full-year forecast on growth from its wireless business. The mobile giant said it’s doing well aside from its $50bn deal to acquire DirecTV, with growth around five per cent this year.
Chrysler’s reported a 17 per cent jump in sales last month, led by jeeps and pick-up trucks.
Pilgrim's Pride has increased its offer for Hillshire Brands, intensifying a bidding war with Tyson Foods. It’s offer now stands at $55 per share in cash, from $45.
And Apple analysts have been left disappointed, after the company failed to unveil any new hardware at its Worldwide Developer Conference.
Data in focus
- 2.45pm: US April factory orders