Futures on U.S. equities rise on takeover activity

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Source: Bloomberg
© scanpix/AFP
Futures on U.S. stocks gained, rebounding the S&P's index from its lowest level in this year's June on a rally in takeover activity. Prior to that, the U.S. equities tumbled the most in five months after President's re-election. Contracts on The S&P 500 maturing December added 0.3% to 1,380.4. Meanwhile, futures on Dow Jones Industrial Average due the same month climbed 0.2%, or 26 basis points, to 12,790. Jefferies Group Inc. advanced 22%, after Leucadia National Corp. said it would acquire it, while Titanium Metals Corp. soared 41%.
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