(For more market insights, including options activity, click on ; for the Day Ahead newsletter http://link.reuters.com/mex49s)
Sept 3 (Reuters) - Some U.S. stocks to watch on Tuesday:
FUTURES SURGE AS POTENTIAL SYRIA ACTION DELAYED
U.S. stock index futures jumped on Tuesday after U.S.President Barack Obama opted to seek congressional authorizationfor military action against Syria, a move that was likely todelay any strike. S&P 500 futures rose 14.7 points andwere above fair value, Dow Jones industrial average futures added 105 points and Nasdaq 100 futures rose 21points.
** CYTOKINETICS INC, $7.75, down 26 pct premarket
** AMGEN INC, Friday close $108.94
An experimental heart failure drug from Amgen andCytokinetics missed its goal of improving shortness of breath ina mid-stage clinical trial, leaving its future uncertain.
** MICROSOFT CORP, $32.35, down 3 pct premarket
** NOKIA CORP, $5.53, up 42 pct premarket
Two years after hitching its fate to Microsoft's Windows Phone software, Nokia collapsed into the arms of theU.S. software giant on Tuesday, agreeing to sell its mainhandset business for 5.44 billion euros ($7.2 billion).
** VERIZON COMMUNICATIONS, $45.00, down 5 pctpremarket
** VODAFONE GROUP, $31.95, down 1 pct premarket
Verizon Communications agreed on Monday to pay $130 billionto buy Vodafone Group out of its U.S. wireless business,signing history's third largest corporate deal announcement tobring an end to an often tense 14-year marriage.
** BANK OF AMERICA CORP, Friday close $14.12
Bank of America launched on Tuesday an up to $1.5 billionshare offering in China Construction Bank Corp (CCB), exiting an eight-year investment in China'ssecond-biggest lender in a bid to shore up its own balancesheet.
** JARDEN CORP, Friday close $42.95
The U.S. consumer products company has agreed to buy scentedcandle maker Yankee Candle Company Inc for $1.75billion, the Wall Street Journal reported, citing peoplefamiliar with the matter.
** J C PENNEY CO INC $12.79, up 3 pct premarket
Hayman Capital reported a 5.2 percent stake in the U.S.retailer. (Compiled by Varun Aggarwal; Editing by Sreejiraj Eluvangal)