DJIA 0.31% 26,683 dow jones industrials

futures rise

  1. 56,679 Posts.
    lightbulb Created with Sketch. 268
    * U.S. stock futures pointed to a higher opening on Wall
    Street on Monday, tracking a rally in Asia and Europe as
    investors applauded additional measures by governments to tackle
    the global credit crisis and as investors awaited key corporate
    results.

    * By 0841 GMT, S&P 500 futures were up 2.9 percent,
    Dow Jones futures up 2.4 percent and Nasdaq 100 futures
    up 2.8 percent.

    * European stocks were up 2.2 percent. European Central Bank
    President Jean-Claude Trichet pledged to do whatever it takes to
    restore confidence to financial markets, while the Dutch
    government moved to shore up financial group ING .

    * Asian shares also rallied after South Korea's announcement
    of a package of rescue measures worth more than $130 billion,
    including state guarantees on foreign debt and promises of
    liquidity to steady up turbulent financial markets.

    * Tech and telecom stocks will be in the spotlight after
    telecom equipment maker Ericsson posted
    stronger-than-expected third-quarter earnings on Monday, showing
    no sign yet of damage from the financial turmoil roiling world
    markets. Ericsson shares were up 19 percent.

    * The U.S. focus will be on earnings as investors look for
    more clues on the extent of the damage from the credit crisis on
    the real economy. Results from American Express ,
    Lockheed Martin , Texas Instruments , Halliburton
    and Mattel are due on Monday.

    * American Express, the fourth-largest U.S. card issuer, is
    expected to post lower quarterly earnings, hammered by higher
    bad-debt losses and a spike in funding costs.

    * On the macro front, investors will keep an eye on leading
    indicators for September.

    * U.S. stocks fell on Friday on weakness in manufacturing
    and financial stocks after bleak data on consumer confidence and
    construction, but the Dow still snapped a disastrous three-week
    losing streak with its best weekly gain in more than 5 years.

    * When New York trading resumes, it will be the day after
    the anniversary of the 1987 stock market crash. On Oct. 19 that
    year, known as "Black Monday", the Dow fell a record 22.6
    percent.
 
watchlist Created with Sketch. Add DJIA (INDEXDJX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.