Stocks: 4 things to know before the open

Written By limadu on Senin, 28 Juli 2014 | 05.32

sp 500 futures 715 Click on chart to track premarkets

HONG KONG (CNNMoney)

Here are the four things you need to know before the opening bell rings in New York:

U.S. stock futures were practically flat as investors showed little interest in getting their feet wet.

"I think the market is somewhat apprehensive coming into this week because of the amount of data that we're likely to see going into the week," said Tom Beevers, chief executive officer of StockViews.

He was referring to the gross domestic product and monthly payroll reports due later this week, as well as the meeting of the Federal Reserve policy meeting scheduled for Tuesday and Wednesday. He said that investors are trying to gauge "when the first rate increase is going to occur."

1. Monday earnings: Tyson Foods (TSN) will post results before the opening bell and Herbalife (HLF) will report after the close. Tyson shares rose in premarket trading after the food company said it was selling its Mexican and Brazilian chicken businesses for $575 million.

Related: Fear & Greed Index backslides to fear

2. Stocks to watch: Family Dollar (FDO) shares surged more than 20% on news that it's getting bought out by another discount retailer, Dollar Tree (DLTR), for $8.5 billion.

McDonald's (MCD) continues to be embroiled in a rotten meat scandal in China. Shares of the fast food chain have dropped 3.3% in the week since a longtime McDonald's meat supplier was accused of processing expired meat.

Keep an eye on another American fast food chain, El Pollo Loco (LOCO), to see if it continues to fly high -- shares surged more than 60% in its first day of trading Friday.

Related: CNNMoney's Tech30

3. International markets: Most European markets were mixed in early trading, with France's CAC 40 up 0.3.%.

Russia's Micex index was 0.8% lower after an arbitration panel in the Hague ruled against the state, finding the government had illegally sold off the assets of oil company Yukos. Former major shareholders were awarded $50 billion in damages.

Most Asian markets advanced Monday, led by a 2.4% surge on China's benchmark Shanghai Composite. Stocks in Mumbai fell 0.8% in afternoon trading.

4. Friday U.S. markets recap: U.S. stocks fell Friday. The Dow Jones Industrial Average closed down almost 130 points while the S&P 500 and Nasdaq finished the day off about 0.5%. The three major indexes ended the week little changed.

First Published: July 28, 2014: 5:04 AM ET


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