NEW YORK (CNNMoney.com) -- U.S. stocks were set to bounce up from 7-month lows at Tuesday's open, but analysts remain concerned that the global economic crisis will continue to weigh on the world's markets.
Dow Jones industrial average, Nasdaq and S&P 500 futures were higher ahead of the opening bell.
Futures measure current index values against perceived future performance.
Despite those modest gains in stock futures, analysts are quick to point out that U.S. markets also looked upward before Monday's open, but then fell to 7-month lows later in the day.
It's becoming a familiar tale, said Ken Wattret, chief euro zone economist with BNP Paribas in London. Day after day, it seems stock futures may look like they're heading higher in the morning, only to fizzle out and post losses later in the afternoon.
"It's all about Europe's sovereign debt crisis, spillovers and strong risk aversion," he said.
On Monday, the Dow Jones industrial average (INDU) fell 115 points Monday to a 7-month low, while the S&P 500 (SPX) dipped 1.3% and the Nasdaq (COMP) composite slid more than 2%.
World markets: Asian markets ended slightly higher, as Japan's Nikkei index rose 0.2% and Hong Kong's Hang Seng index gained 0.6%.
But European markets turned lower after initial gains. London's FTSE 100, Frankfurt's DAX and Paris' CAC 40 were all down about 0.6%.
Economy: With no major economic news to set the tone Tuesday, investors will probably continue to focus on signs of weakness in the U.S. economy and developments out of Europe.
Dollar and commodities: The euro gained 0.2% against the dollar after trading at a new four-year low Monday.
The dollar was about 0.3% higher against both the British pound and the Japanese yen.
U.S. light crude oil for July delivery rose 33 cents to $71.77a barrel.
COMEX gold's August contract added $5.10 to $1,245.90 per ounce.
Bonds: Treasury prices fell, raising the 10-year note's yield to 3.18% from 3.15% the day before. Bond prices and yields move in opposite directions. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.80% | |
| 15 yr fixed | 3.09% | 3.11% | |
| 5/1 ARM | 2.65% | 2.69% | |
| 30 yr refi | 3.77% | 3.86% | |
| 15 yr refi | 3.09% | 3.21% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,454.83 | -74.92 | -0.60% |
| Nasdaq | 2,837.53 | -1.85 | -0.07% |
| S&P 500 | 1,317.82 | -2.86 | -0.22% |
| Treasuries | 1.74 | -0.01 | -0.80% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.15 | 0.01 | 0.14% |
| Sprint Nextel Corp | 2.62 | 0.09 | 3.56% |
| Cisco Systems Inc | 16.33 | -0.06 | -0.37% |
| Chesapeake Energy Co... | 15.81 | 0.23 | 1.48% |
| Ford Motor Co | 10.60 | 0.01 | 0.09% |
|
The Senate hearing will focus JPMorgan's recent $2 billion trading loss, which Dimon announced earlier this month. More |
The offer for mail handlers is part of the Postal Service's plan to cut 150,000 jobs by 2015. More |
In the whirlwind of its IPO fallout, there has been a sort of glee in watching the company stumble. What's driving the Facebook-schadenfreude and what can the social network do about it? More |
One in six children in the United States is obese. These small businesses have found creative -- and lucrative -- ways to fight the childhood obesity epidemic. More |
In Harper County, Kansas, oil companies are offering farmers up to $1,250 an acre for the mineral rights that allow them to drill for oil on their property. More |
.
