Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Stocks ready to rebound

Futures gain ground as investors bet on more rate cuts from the Federal Reserve.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

LONDON(CNNMoney.com) -- Stock futures moved higher early Tuesday after the previous session's selloff as hopes for more Federal Reserve rate cuts helped improve the mood.

At 5:06 a.m. ET, Nasdaq and S&P futures were higher, with a comparison to fair value pointing to a positive open for Wall Street.

Stocks tumbled Monday as recession and credit fears shook investors. Financial stocks, including Bear Stearns (BSC, Fortune 500) and Lehman Brothers (LEH, Fortune 500), were particularly hard hit.

But the prospect of the Fed cutting rates at its meeting next week appeared to lift sentiment. In overseas markets, most Asian markets rebounded. European shares rose in early trading. To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
Your degree will earn you the most from these colleges Art majors can make big bucks, too. Find out which school has the highest paid grads in your major. More
10 most expensive cars sold at Pebble Beach auctions When cars are sold where the wealthiest car collectors gather, prices can go sky high. More
Top boutique hotels for business travelers These are some of the top boutique hotels used by business travelers, according to data from Booking.com. More