Stock rebound in the works

By CNNMoney.com staff


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%. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.89%3.88%
15 yr fixed3.21%3.21%
5/1 ARM2.87%2.88%
30 yr refi3.96%3.96%
15 yr refi3.30%3.29%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 12,801.23 -89.23 -0.69%
Nasdaq 2,903.88 -23.35 -0.80%
S&P 500 1,342.64 -9.31 -0.69%
Treasuries 1.97 -0.08 -3.81%
Data as of 4:53pm ET
Company Price Change % Change
Bank of America Corp... 8.07 -0.11 -1.34%
General Electric Co 18.88 -0.26 -1.33%
Cisco Systems Inc 19.90 -0.10 -0.52%
Ford Motor Co 12.44 -0.25 -1.97%
Frontier Communicati... 4.04 -0.10 -2.42%
Data as of Feb 10

Sections

Now that the complex deal negotiations are over, many foreclosures that had been stuck in limbo will proceed. More

Audit of the Energy Department's controversial loan program in the wake of Solyndra says the risks are slightly less than DOE predicted, largely thanks to a stronger Ford. More

Buzzy social network Pinterest got caught in a disclosure controversy after users found affiliate links slipped into their pins. More

One family-owned Chicago pizzeria is helping to make love connections nationwide with heart-shaped pizzas on Valentine's Day. More

Hoping to cut their losses, banks are paying delinquent homeowners up to $35,000 in incentives to sell their homes in short sales and avoid foreclosure. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.