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Stock futures signal weaker Wall Street open

Stock futures signal weaker Wall Street open

Jul 16th, 2012

LONDON (Reuters) - Stock index futures pointed to a weaker open on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.2-0.3 percent. GlaxoSmithKline is expected to announce an agreement to acquire Human Genome Sciences for about $2.8 billion as soon as Monday, ending three months of its hostile pursuit of the U.S. biotechnology company, sources familiar with the situation said. New York Federal Reserve releases its Empire State Manufacturing Survey for July at 8.30 a.m. EDT. Economists expect a reading of 4.00, compared with 2.29 in June. ... (Source: Reuters) -
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