Stocks headed for rosy start

Futures advance as global markets rally. Investors await reading on consumer sentiment.

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

NEW YORK( -- U.S. stocks were poised to track world markets and open higher Friday, with investors focusing their attention on the health of the consumer.

At 7:25 a.m. ET, the Dow Jones industrial average, Nasdaq 100 and Standard & Poor's 500 futures were higher.

Futures measure current index values against their perceived future performance and offer an indication of how markets may open when trading begins.

The stock market barely eked out gains on Thursday, but it managed to hold onto the 2009 highs achieved in the Wednesday session.

Going forward, Lakshman Achuthan, managing director of the Economic Cycle Research Institute, said he expects the market to continue its "pronounced upturn."

"The market is likely to be supported by economic fundamentals," said Achuthan. "I don't see any downturn in economic activity. I'm rejecting the double dip fear."

Economy: On tap for Friday is a report from the Bureau of Economic Analysis on personal income and spending that will be released at 8:30 a.m. ET. Personal income is expected to have edged up 0.1% in July, according to a consensus of economist opinion from That's compared to a decrease of 1.3% the prior month.

Personal spending is expected to have risen 0.2% in July, according to consensus, which would be a slow-down from an increase of 0.4% the prior month.

Additionally, the University of Michigan's consumer sentiment index comes out at 9:55 a.m. ET.

Companies: Stocks to watch include Dell (DELL, Fortune 500), which reported quarterly results that topped Wall Street's estimates after U.S. markets closed Thursday. The PC maker also issued an upbeat forecast for sales in the second half of the year.

Retailer J. Crew (JCG) also could be on the move after the company posted better-than-expected quarterly results.

World markets: Global stock indexes were on the upswing, buoyed by recovery hopes. In Asia, Japan's Nikkei added 0.6%. European markets rallied in morning trading.

Money and oil: The dollar slipped against the euro and the British pound, but rose versus the yen. The price of oil rose 71 cents to $73.20.

How does your portfolio look nearly one year after the collapse of Lehman Brothers? What investment choices hurt you or helped you the most? What strategy changes are you making for the future? Tell us your story. E-mail and your thoughts could be part of an upcoming story. For the Comment Policy, click here. 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:
More Galleries
The best TV deals for the Super Bowl Want a new TV for the Super Bowl? Some great deals make now the time to buy. More
Top-paying jobs Orthopedic surgeons take home a median $410,000 in salary and bonus annually. What other great careers from CNNMoney and's list of Best Jobs in America offer hefty paychecks? More
Fastest-growing jobs Demand for IT security consultants are projected to grow a solid 37% between 2012 and 2022. What other careers on CNNMoney and's list of America's best jobs will see big opportunities? More
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.