MARKET PULSE- Facebook, Netflix, Merck, ArcelorMittal, Expedia

Mon Oct 14, 2013 7:51am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s)

U.S. stock index futures fell on Monday as continuous gridlock in Washington was likely to resume selling pressure in equities as there were no guarantees the federal government shutdown was about to end or that a historic debt default would be avoided. S&P 500 futures fell 11.3 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 97 points and Nasdaq 100 futures lost 12.75 points.

** FACEBOOK INC, Friday close $49.11, down 1 pct

The social networking company said it would buy start-up app-maker Onavo, the Israeli firm said on its website, without giving any details of the deal. Facebook is paying between $150 million and $200 million, the Calcalist financial news website reported, making it the social media company's biggest acquisition in Israel.

** NETFLIX INC, Friday close $300.84, up 0.7 pct premarket

The company is in talks with several U.S. cable television companies including Comcast Corp and Suddenlink Communications to make its streaming video service available through their set-top boxes, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

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