US Stock Futures Take a Breather After String of Records

U.S. stock futures were pointing to a lower open Tuesday after the S&P 500 hit the latest intraday record high Monday and ahead of the Labor Department's report on job openings in April.

The Job Openings and Labor Turnover Survey out at 10:00 a.m. E.T. is expected to show 4.025 million job openings at the end of April, up from 4.014 million in March, according to data collected by Econoday.

In equities, Achillon Pharmaceuticals ( ACHN ) was one of the biggest gainers before the market opened, up 33% after saying it will start trials on its hepatitis C drug ACH-3422. Moreover, the U.S. Food and Drug Administration has removed a clinical hold on its sovaprevir drug for testing on patients with HCV. Radioshack ( RSH ) meanwhile dropped over 12% as its fiscal Q1 loss widened more than expected and as sales missed the street's estimates.


-Dow Jones Industrial down 0.12%

-S&P 500 futures down 0.21%

-Nasdaq 100 futures down 0.19%

-Nasdaq-100 Pre-Market Indicator down 0.01%


Nikkei down 0.85%

Hang Seng up 0.86%

Shanghai Composite up 1.26%

FTSE-100 down 0.31%

DAX-30 up 0.14%


(+/-) Large cap tech: mixed

(-) Chip stocks: unchanged to lower

(-) Software stocks: unchanged to lower

(+/-) Hardware stocks: mixed

(+/-) Internet stocks: mixed

(+/-) Drug stocks: mixed

(-) Financial stocks: unchanged to lower

(+/-) Retail stocks: mixed

(-) Industrial stocks: unchanged to lower

(-) Airlines: unchanged to lower

(+/-) Autos: mixed


(+) MET (+1.8%) To buy back up to $1 billion shares

(+) SPEX (+9.8%) NNPT unit files patent suit against Huawei

(+) RCPT (+27.2%) MS drug meets primary endpoint

(+) AVNR (+6.2%) Acute migraine drug trial meets primary efficacy endpoint

(+) S (+1.5%) Macquarie upgrades to outperform

(+) CLSN (+9.1%) Buys EGEN for up to $44.4 million

(+) CHS (+12.1%) Reportedly holds buyout talks with private equity

(+) INO (+2.0%) Starts drug trial for head & neck cancer caused by HPV

(+) SGMS (+9.9%) Appoints SHFL's Isaacs as president, CEO


(-) EBAY (-1.5%) Paypal head David Marcus leaves co for FB

(-) FRAN (-8.1%) Fiscal Q1 results, guidance miss views

(-) BEAV (-2.9%) Creates manufacturing, services spinoffs

(-) ROYT (-4.9%) Price 2.7 million trust unit public offering at discount

(-) ORAN (-2.0%) Falls after 2.5-year high on Deutsche Telekom takeover speculation

(-) AGN (-1.3%) Rejects latest takeover offer from VRX

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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