US STOCKS-Wall St set for flat open after manufacturing data

martes 18 de febrero de 2014 10:20 GYT
 

* Forest Labs surges after Actavis confirms acquisition

* Maker of Candy Crush files for U.S. IPO

* Futures up: Dow 21 pts, S&P 2.5 pts, Nasdaq 4 pts

By Angela Moon

NEW YORK, Feb 18 (Reuters) - Wall Street was set for a flat open on Tuesday after Wall Street posted its biggest weekly gain of the year, as data showed factory activity in New York state slowed this month.

* A New York Federal Reserve gauge of manufacturing was weaker than expected in February after hitting a 20-month high in January.

* U.S. stocks closed higher on Friday, with major indexes notching a second straight week of gains as investors shrugged off some weak economic data that was attributed to bad weather.

* U.S. markets were closed Monday for Presidents Day.

* Shares of Forest Laboratories Inc rocketed more than 35 percent in premarket trading after Actavis said it would acquire the specialty pharmaceuticals company in a massive cash and stock deal valued at about $25 billion.   Continuación...