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.

Wall Street eases back to work

Stock futures head higher as traders return from holiday weekend; JPMorgan's bid for Bear in focus.

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) -- U.S. stock futures edged higher early Monday as investors returned from the long weekend and eyed the possibility of a higher bid for Wall Street firm Bear Stearns.

At 4:15 a.m. ET, Nasdaq and S&P futures were a shade higher. U.S. markets were closed Friday.

Investors are bracing for a busy economic calendar this week. The string of reports kicks off Monday with a reading on February existing home sales, due out at 10 a.m. ET.

In major deal news, JPMorgan Chase (JPM, Fortune 500) may hike its offer for rival Bear Stearns (BSC, Fortune 500) fivefold to $10 a share, according to a report in the New York Times. Last week JPMorgan reached a deal to buy Bear for just $2 a share.

In global trade, Japan stocks finished the session mixed. European markets were closed. To top of page

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:
Driving the ultimate in '50s Mercedes-Benz style The SC was the car that re-introduced Mercedes-Benz as a global luxury car icon. More
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More
Your guide to Cyber Monday sales This year, more Cyber Monday sales than ever start well before Monday. Here's where to shop if you don't get your fill on Black Friday. More