U.S. stock-index futures rose, signaling equities will rebound from a weekly loss, amid soaring shares of takeover target Precision Castparts Corp.
The maker of parts for the aerospace industry jumped 17 percent in premarket trading after Warren Buffett’s Berkshire Hathaway Inc. was said to be in buyout talks. Berkshire’s Class B shares lost 1.3 percent in Germany after also reporting profit that trailed estimates. Twitter Inc. and Netflix Inc. climbed, indicating gains for technology shares.
Standard & Poor’s 500 Index E-mini contracts expiring next month gained 0.2 percent to 2,078 at 10:33 a.m. in London. Futures on the Dow Jones Industrial Average added 27 points to 17,348. Stocks fell last week, with the Dow posting its longest losing streak in four years, amid a slump in media and biotechnology shares and as fell into a correction. The S&P 500 has trailed most developed-market gauges this year.
Kraft Heinz Co. is among companies reporting earnings on Monday, with those from Macy’s Inc. and News Corp. due later this week.
Most S&P 500 members have released results this season, of which 74 percent beat profit estimates and half topped sales projections. Analysts now project a more modest drop in second-quarter earnings, calling for a 2.1 percent fall instead of a 6.4 percent decline a month earlier.