Monday, February 27, 2006

Stock Futures Up on Apple, Disney Report

LONDON (AP) – US stock market futures tilted higher Monday, helped by a published report suggesting that Walt Disney & Co. may be snapped up by Apple Computer. Dow Jones futures were recently up 6 points, S&P 500 futures rose 0.1 point, and Nasdaq 100 futures contract rose 3 points. On Friday, US markets had a fairly uneventful session, with the Dow industrials falling 7.4 points at 11,061, while the Nasdaq Composite rose 7.7 points at 2,287 and the S&P 500 rose 1.6 points at 1,289. On Monday, Walt Disney & Co. was trading at $28.17 in Frankfurt from a Friday close of $27.98, as Barron's suggested that Apple Computer may buy the firm once Steve Jobs becomes Disney's leading shareholder.

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