NEW YORK (CNNMoney.com) -- U.S. stocks were set to open higher Tuesday, as investors eyed buying opportunities after the previous session's selloff, although worries about debt problems in Greece remained in focus.
Dow Jones industrial average, S&P 500 futures and Nasdaq 100 futures were higher.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins in New York.
Mark Luschini, chief investment strategist for Janney Montgomery Scott, said that, in the absence of other market-moving news, futures were experiencing "a little bit of a rebound from yesterday's 100-point selloff."
Concerns about European debt and the outlook for the U.S. economic recovery caused investors to flee stocks Monday. The Dow fell 1% and finished below 10,000 for the first time since November.
Economy: Investors will look to a report on wholesale inventories, which comes out after U.S. markets open. The government is expected to report a 0.5% increase in inventories for the month of December, according to a consensus of economist forecasts from Briefing.com. That would compare to an increase of 1.5% the prior month.
Companies: Toyota Motor (TM) announced a global recall of more than 400,000 hybrids, including the 2010 Prius, over brake problems.
Companies due to report quarterly results include Dow components Coca-Cola (KO, Fortune 500) and Walt Disney (DIS, Fortune 500).
World markets: European shares gained in morning trading. In Asia, the Nikkei finished the session in negative territory but Hong Kong's Hang Seng added 1.2%.
Oil and gold: The price of oil edged up 40 cents per barrel, to $72.29. The price of gold rose $1.80 per ounce to $1,067.50.
Cash and bonds: The dollar was mixed, slipping versus the euro but rising against the yen and the pound. The price on the 10-year note rose, pushing down the yield to 3.59%.
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates:
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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