Investing.com – U.S. stock futures pointed to a higher open on Monday, as news that al-Qaeda leader Osama bin Laden had been killed by U.S. forces in Pakistan boosted market sentiment.
Dow Jones Industrial Average futures pointed a gain of 0.25%, the S&P 500 futures climbed 0.23%, while Nasdaq 100 futures indicated an increase of 0.2%.
President Obama announced late Sunday that bin Laden had been killed in a targeted assault outside Pakistan’s capital, Islamabad, ending a nearly ten-year worldwide hunt for the mastermind of the September 11 attacks.
Meanwhile, shares in the second largest U.S. satellite television provider DISH Network rallied 8% in pre-market trade after reporting first quarter profit more than doubled to USD549 million, helped by strong subscriber numbers.
Separately, Dish and former unit EchoStar agreed to pay USD500 million to rival TiVo to settle a long-standing patent dispute. Shares in TiVo soared 19.1% ahead of the open.
Shares in pharmaceutical firm Teva Pharmaceutical Industries jumped 3.1% after it agreed to acquire biopharmaceutical company Cephalon in a deal valued at approximately USD6.8 billion. Cephalon saw shares rally 5.8% on the news.
Athletic apparel maker Volcom saw shares surge 23.8% after it agreed to be acquired by French luxury goods manufacturer PPR for nearly USD608 million.
Shares in International Coal Group soared 30.9% after the second largest U.S. coal producer Arch Coal said it would buy the company in an all-cash transaction valued at USD3.4 billion. Arch saw shares slip 2.6% after the announcement.
Other stocks in focus included energy companies Anadarko Petroleum, Chesapeake Energy and Massey Energy, which were all expected to release earnings results after Monday’s closing bell.
Across the Atlantic, European stock markets advanced for an eighth day in holiday-thinned trade as shares in Commerzbank led gains after reporting strong earnings. The EURO STOXX 50 climbed 0.35%, France’s CAC 40 added 0.3%, Germany's DAX climbed 0.8%, while Britain's FTSE 100 remained closed for a holiday.
During the Asian trading session, Japan’s Nikkei 225 Index closed 1.6% higher to hit a post-March 11 earthquake high as exporters performed strongly.
Later in the day, the U.S. Institute for Supply Management was to publish its manufacturing PMI.
Dow Jones Industrial Average futures pointed a gain of 0.25%, the S&P 500 futures climbed 0.23%, while Nasdaq 100 futures indicated an increase of 0.2%.
President Obama announced late Sunday that bin Laden had been killed in a targeted assault outside Pakistan’s capital, Islamabad, ending a nearly ten-year worldwide hunt for the mastermind of the September 11 attacks.
Meanwhile, shares in the second largest U.S. satellite television provider DISH Network rallied 8% in pre-market trade after reporting first quarter profit more than doubled to USD549 million, helped by strong subscriber numbers.
Separately, Dish and former unit EchoStar agreed to pay USD500 million to rival TiVo to settle a long-standing patent dispute. Shares in TiVo soared 19.1% ahead of the open.
Shares in pharmaceutical firm Teva Pharmaceutical Industries jumped 3.1% after it agreed to acquire biopharmaceutical company Cephalon in a deal valued at approximately USD6.8 billion. Cephalon saw shares rally 5.8% on the news.
Athletic apparel maker Volcom saw shares surge 23.8% after it agreed to be acquired by French luxury goods manufacturer PPR for nearly USD608 million.
Shares in International Coal Group soared 30.9% after the second largest U.S. coal producer Arch Coal said it would buy the company in an all-cash transaction valued at USD3.4 billion. Arch saw shares slip 2.6% after the announcement.
Other stocks in focus included energy companies Anadarko Petroleum, Chesapeake Energy and Massey Energy, which were all expected to release earnings results after Monday’s closing bell.
Across the Atlantic, European stock markets advanced for an eighth day in holiday-thinned trade as shares in Commerzbank led gains after reporting strong earnings. The EURO STOXX 50 climbed 0.35%, France’s CAC 40 added 0.3%, Germany's DAX climbed 0.8%, while Britain's FTSE 100 remained closed for a holiday.
During the Asian trading session, Japan’s Nikkei 225 Index closed 1.6% higher to hit a post-March 11 earthquake high as exporters performed strongly.
Later in the day, the U.S. Institute for Supply Management was to publish its manufacturing PMI.