Slow News Period

Good morning. Premarket futures are pointing to a positive open even though there is little to no news to react to this morning. We have more M&A news (see MGM) while economic talks between China and the U.S. and how crude oil prices trade following yesterday appear to be in focus. Overseas markets are mixed.

Premarket gainers are FMT, LEND, NFI, AVNC, UBNK, GPCB, OXPS, WYNN, CORS, DNDN, SPSN, MCHX, CRNT, MPEL, NCTY, ARMHY, DIVX, PSUN, FRPT, VCLK, PLCE, JAV, and KRY. Premarket losers are KONG, HTLD, NSANY, OMTR, HMIN, HRAY, LUNA, GIGM, ONT, MNST, GSOL, UNFI, APOL, and SPLS.

The next important economic report is durable goods on Thursday. Until then, M&A activity and the S&P 500 highs are likely to keep everyone interested even though trading volume will begin to taper off as we get closer to the holiday weekend. Have a terrific Tuesday!