MARKET PULSE-DirecTV, Allergan, McKesson, Rackspace, Fuel Tech

Tue May 13, 2014 8:29am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were little changed on Tuesday as investors found few reasons to keep pushing shares higher following a sharp rally in the previous session that took the Dow and S&P 500 to record closes. Dow Jones industrial average futures were up 0.20 percent at 16,688, S&P 500 futures were up 0.12 percent at 1,895 and Nasdaq 100 futures were up 0.23 percent at 3,616.

** PFIZER INC, Monday close $29.13, +0.31 pct premarket

** ASTRAZENECA PLC, Monday close $77.87, +1.95 pct premarket

U.S. drugmaker Pfizer hinted it could raise its proposed $106 billion offer if AstraZeneca would only engage in talks, as its boss was grilled by UK lawmakers on his commitment to British research spending and jobs.

In response, AstraZeneca said it would have to consider a compelling offer, but accused Pfizer of an "opportunistic" proposal with a ploy to cut taxes that risked its reputation.

** AT&T INC, Monday close $36.57, -0.25 pct premarket

** DIRECTV, Monday close $87.16, +3.71 pct premarket   Continued...