Markets

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.

U.S. PRE-MARKET INDICATORS

-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%

GLOBAL SENTIMENT

Nikkei down 0.85%

Hang Seng up 0.86%

Shanghai Composite up 1.26%

FTSE-100 down 0.31%

DAX-30 up 0.14%

PRE-MARKET SECTOR WATCH

(+/-) 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

UPSIDE MOVERS

(+) 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

DOWNSIDE MOVERS

(-) 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.

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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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