CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
TRADING
CENTER

Wall Street set for higher open

Futures gain momentum as investors eye beaten down shares; oil prices head lower.

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)

When do you plan to cash in your 401(k)?
  • Upon retirement
  • When extra funds are needed
  • Don’t have a 401(k)

LONDON (CNNMoney.com) -- U.S. stock futures pointed to a higher open Friday as lower oil prices helped buoy sentiment after two straight sessions of declines.

At 5:06 a.m. ET, Nasdaq and S&P futures were higher, suggesting gains at the opening bell.

Stocks have gyrated recently amid ongoing concerns about the frail economy and financial sector. The major gauges attempted a comeback Thursday but finished the session lower.

Investors will take in a report on personal income and spending at 8:30 a.m. ET. They'll also digest the University of Michigan's reading on March consumer sentiment, which is due out at 10 a.m. ET.

In major corporate news, Bear Stearns (BSC, Fortune 500) chairman James Cayne sold his entire stake in the investment bank after JPMorgan (JPM, Fortune 500) quintupled its takeover bid for the firm, according to a filing made with the SEC late Thursday.

The move suggests that Cayne, who made $61 million on the stock sale, doesn't believe Bear will receive a higher bid from JPMorgan and that the deal will go ahead at the $10 a share offered price.

Mortgage-finance firms Fannie Mae (FNM) and Freddie Mac (FRE, Fortune 500) may raise as much as $20 billion in capital as part of an agreement that allows them to buy more debt securities, Bloomberg reported.

In global trade, shares in Japan finished higher. European markets edged higher in early trading. To top of page

Features
  • jaguar_xj_3.04.jpg
    A new top-of-the-line luxury sedan -- the finishing touch on a troubled brand's make-over. More
  • n_ss_gm_ceo_full.cnnmoney.160x90.jpg
    CEO Fritz Henderson says GM will focus on customer needs and making first-rate cars. Play
  • ford_battery_electric_vehicle.04.jpg
    Nissan, GM and Ford are placing their bets in the high-stakes game of electric driving. More
  • obama_official_portrait.04.jpg
    Not even ultra-dapper President Obama could help Hartmarx, the Chicago-
    based clothing maker. More
  • great_adventure_map.04.jpg
    It's been a thrill ride for Six Flags, and the amusement-
    park operator had to wave the white flag. More
  • pilgrims_pride.04.jpg
    The company has gone to the chickens despite producing 42 million dozen table eggs per year. More
  • vallejo_california.04.jpg
    This Bay-area town sought assistance after plunging property tax revenue left coffers empty. More
Markets Last Change
Dow Jones 8,146.52 -36.65 / -0.45%
Nasdaq 1,756.03 3.48 / 0.20%
S&P 500 879.13 -3.55 / -0.40%
10-year Bond 98 16/32 Yield: 3.30%
U.S.Dollar 1 euro = $1.394 -0.009
July 10, 2009 4:03 PM ET
CompanyPrice% Change
General Motors Corp 1.16 37.99%
American Intl Group Inc 11.80 24.47%
CIT Group Inc 1.55 -16.66%
YRC Worldwide Inc 1.31 -12.08%
Jul 10 3:56pm ET †
The 10 dumbest iPhone apps The iPhone App Store launched a year ago with 500 applications. Today it has more than 55,000. Some are useful - many are plain stupid. With help from Krapps.com's Alex Miro, we've picked out some of the dumbest. More
New GM's new cars GM is launching a slate of new products. Can they give a lift to the auto giant as it enters a new era? More
Barbie gets a makeover As Barbie celebrates her 50th anniversary, middle age may be her time to shine (again). More


© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.