* S&P 500 looking to reach all-time intraday high
* Verizon/AT&T may make breakup bid for Vodafone: report
* Factory orders, durable goods data both on tap
* Futures up: Dow 36 pts, S&P 6.9 pts, Nasdaq 9.5 pts
By Ryan Vlastelica
NEW YORK, April 2 U.S. stock index futures rose
on Tuesday, pointing to a rebound from the previous session and
tracking a rise in European equities.
* The gain implied by futures puts the S&P 500 again within
striking distance of its all-time intraday high of 1,576.09, an
important psychological level for investors.
* But moves may be limited for much of this this week in the
absence of major catalysts before the closely watched U.S.
monthly payrolls report on Friday. Last week, the benchmark
index set a new all-time closing high after flirting with one
for several sessions.
* Telecom shares will be on focus after the Financial Times'
Alphaville blog wrote that Verizon Communications and
AT&T have been working together on a breakup bid for
British mobile operator Vodafone .
* Verizon and AT&T, both Dow components, were not active in
premarket trading, but U.S. shares of Vodafone gained 5.3
percent to $29.84 before the bell. The stock was one of the
biggest boosts among European shares, which rose 1
* Investors will also be looking to data on February factory
orders, scheduled for release at 10 a.m. (1400 GMT). Orders are
seen rising 2.9 percent, compared with a 2 percent drop in the
* February durable goods are also on tap at 10 a.m., with
the release of the Institute for Supply Management-New York's
March index of regional business activity due at 9:45 a.m.
* A weak reading on U.S. manufacturing sparked a decline in
Monday's session, though other indicators have pointed to a
strengthening U.S. economy and helped push both the Dow and S&P
to record highs.
* On Tuesday, S&P 500 futures rose 6.9 points and
were above fair value, a formula that evaluates pricing by
taking into account interest rates, dividends and time to
expiration on the contract. Dow Jones industrial average futures
added 36 points and Nasdaq 100 futures rose 9.5
* The S&P is up 9.5 percent so far this year while the Dow
is up more than 11 percent.
* In company news, BGC Partners said it would sell
its eSpeed platform to Nasdaq OMX Group for $750
million in cash.
* Health care stocks will also be in focus as planned cuts
in U.S. government payments for private Medicare Advantage
insurers did not materialize. Humana, which derives
about two-thirds of its revenue from Medicare Advantage
business, rose soared in after-hours trading on
* Apple Inc edged lower in premarket trading. On
Monday, the stock was the biggest drag on both the S&P 500 and
Nasdaq 100 after Fidelity Contrafund, a $92 billion fund
that is the largest active shareholder in Apple, reported that
it cut its stake in the iPhone maker by 10 percent during the
first two months of 2013.