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May 2 Premarket Briefing: 10 Things You Should Know


Here are 10 things you should know for Monday, May 2:

1. -- U.S. stock futures suggested Wall Street would open higher on Monday as investors looked past declining oil prices and a 3% plunge in Japanese stocks.

European stocks traded mixed early Monday. Markets in London were closed.

Asian shares traded mostly lower amid disappointment over the lack of fresh stimulus from Japan's central bank at its policy meeting last week. The Nikkei 225 in Tokyo slumped 3.1%. Markets in China and Hong Kong were closed for a public holiday.

2. -- The economic calendar in the U.S. Monday includes the ISM Index for April at 10 a.m. and Construction Spending for March at 10 a.m.

3. -- U.S. stocks fell on Friday, April's last trading day, as losses in Apple (AAPL - Get Report) continued unabated.

Benchmark indexes were well off session lows, though they remained in the red through the closing bell. The S&P 500 fell 0.51% on Friday, the Dow Jones Industrial Average fell 0.32%, and the Nasdaq declined 0.62%.

Apple suffered its worst three-day stretch since early 2013, falling 1% on Friday as sentiment on the tech giant shifted following its first revenue decline in 13 years. On Thursday, billionaire investor Carl Icahn disclosed he no longer had any stake in the company.

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

4. -- The merger of Halliburton (HAL) and Baker Hughes (BHI) is dead, the companies and the Department of Justice confirmed Sunday evening.

"The merger of Halliburton and Baker Hughes would have raised prices, decreased output and lessened innovation in at least 23 oilfield products and services critical to the nation's energy supply," Deputy Assistant Attorney General David I. Gelfand of the DOJ's Antitrust Division said in a statement. "We achieved the only...