Stock futures were rising Monday after declines last week dropped the S&P 500 into correction territory. Wall Street has a lot to contend with this week: a decision on interest rates from the Federal Reserve, the monthly U.S. jobs report, and more corporate earnings with the highlight being Apple ‘s quarterly numbers.
Former Marvel executive Isaac “Ike” Perlmutter has entrusted his stake in Walt Disney to Nelson Peltz’s Trian Fund Management as it prepares to press the entertainment company for multiple board seats, The Wall Street Journal reported. Trian has raised its stake in Disney to more than $2.5 billion, the Journal reported earlier this month. Disney shares were up 0.8% in premarket trading Monday.
AbbVie rose 1% to $140.35 after analysts at Barclays upgraded shares of the biopharmaceutical company to Overweight from Equal Weight and raised their target to $170 from $160. AbbVie declined 4% on Friday after reporting quarterly earnings that beat analysts’ estimates.
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