The Market In 5 Minutes: Indexes Looking To Close Week Higher

Below is a tool used by the Benzinga News Desk each trading day -- it's a look at everything happening in the market, in five minutes. Apply for daily AM access by clicking here or email minutes@benzinga.com.

Macro Focus

Futures for the Dow Jones Industrial Average dropped 13 points to 18,287.00, while the Standard & Poor’s 500 index futures declined 2.25 points to 2,166.00. Futures for the Nasdaq 100 index fell 5 points to 4,881.25.

Oil prices traded higher as Brent crude futures gained 0.92 percent to trade at $48.09 per barrel, while US WTI crude futures also rose 0.17 percent to trade at $46.40 a barrel.

The manufacturing PMI for September will be released at 9:45 a.m. ET.
Philadelphia's Patrick Harker is set to speak in Philadelphia at 12:00 p.m. ET.
Regional Fed presidents - Philadelphia's Patrick Harker, Atlanta's Dennis Lockhart and Cleveland's Loretta Mester - will speak in Philadelphia at 12:20 p.m. ET.
Dallas Federal Reserve Bank President Robert Kaplan is set to speak in Houston at 12:30 p.m. ET.
The Baker Hughes North American rig count for the recent week is schedule for release at 1:00 p.m. ET.

BZ News Desk Focus

AAR AIR Reports Q1 EPS $0.29 vs. Est. $0.26, Rev. $404.8m vs. Est. $398M
Finish Line FINL Reports Q2 EPS $0.53 vs. Est. $0.53, Rev. $509.4M vs. Est. $495M

Sell-Side Themes

Barlcays initiated coverage on the dollar store sector, all with Equal-Weight ratings.

Sell-Side's Most Noteworthy Calls

RBC downgraded Twitter TWTR to Underperform.
RBC downgraded Yum Brands YUM to Outperform.
Barclays upgraded Wal-Mart WMT to Overweight.
Credit Suisse upgraded Transocean RIG to Neutral.

Deal Talk

Imperva IMPV was up almost 13 percent, helped by rumors about International Business Machines IBM and Cisco Systems CSCO might be interested in acquiring the company.

Vanda VNDA shares spiked higher after Reuters reported the company is in talks with investment banks to hire Financial adviser to explore options.

CNBC, citing sources, said Twitter is moving closer to a sale, has received interest from Google GOOG and Salesforce CRM.

In The News

Major advertisers and marketers are "upset" with Facebook FB after the social media company disclosed it vastly overestimated the average viewing time for video ads on its platform. Publicis Groupe, an ad buying agency that has spent roughly $77 billion in ads on behalf of marketers throughout 2015, was told by Facebook in late August that it may have overestimated average time spent watching videos by between 60 and 80 percent.

Prosecutors in Tulsa, Oklahoma, filed first-degree manslaughter charges against the Police Officer Betty Shelby who fatally shot an unarmed black man on a city street.

Yahoo YHOO said that at least 500 million of its accounts were hacked in 2014 by what it believed was a state-sponsored actor, a theft that appeared to be the world's biggest known cyber breach.

Blogosphere

"A phone company disclosing a $7 billion equity investment in a country just as its government gets ready to sell expensive spectrum is one of those clever tricks John Nash would have approved of."

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