US Stock Futures Up Today, Concerns Remain

US stock futures moved up higher today, despite continued concerns over European Union debt and growth in the Chinese market. While futures on the S&P 500 moved up 4.2 points to 1,139.50, those on the Nasdaq 100 rose 6.5 points to 1,916.20. Meanwhile, Dow Jones Industrial Average futures climbed 24 points. The stocks that are set to gain investor focus today are Lowe's LOW, Astellas Pharma ALPMY, OSI Pharmaceuticals OSIP, Prudential PUK, GLG Partners GLG, Psychiatric Solutions PSYS and Universal Health UHS. While LOW fell more than 3% on disappointing outlook for Q2, ALPMY said it is buying OSIP for $4 billion in cash. While, Man Group is buying hedge fund manager GLG for $1.6 billion, PUK has received regulatory approval to buy the AIA unit of American International Group AIG. With concerns surrounding the tightening of monetary policy in China affecting the markets, Shanghai Composite slipped 5.1%. However, European stocks moved up as financials and BP BP climbed up. The oil giant gained investor approval after the company successfully inserted a tube into the broken pipe that was leaking oil in the Gulf of Mexico. Read more from Benzinga's Markets.