Stocks poised to edge higher

chart_sp500_futures082310.top.gifClick chart to track futures. By CNNMoney.com staff


NEW YORK (CNNMoney.com) -- U.S. stocks were set to open higher Monday, though investors maintained a wary outlook after two rough weeks of trading.

Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were slightly higher. Futures measure current index values against perceived future performance.

Trading has been volatile on Wall Street as investors have grappled with positive company news on the one hand and downbeat economic readings on the other.

"We're seeing a bit of a bounce after two weeks of declines," said Peter Cardillo, chief economist at Avalon Partners. "With corporate earnings out of the way, investors will focus on the economy and scrutinize every piece of data to the maximum level."

Economy: No major readings are on tap for Monday. Last week, a slew of dismal indicators, including a disappointing reading on weekly jobless claims, battered confidence.

Companies: Hewlett Packard submitted a bid for data-storage company 3PAR for $1.6 billion, a 33.3% premium on the offer proposed by rival Dell last week. Shares of 3PAR (PAR) jumped 38% in premarket trading. Dell's (DELL, Fortune 500) stock edged up 0.7%, while shares of HP (HP) slipped 0.6%.

Shares of fertilizer producer Potash (POT) rose 1.9% in premarket trading after its board of directors recommended shareholders reject an unsolicited $38 billion takeover offer by mining company BHP Billiton (BHP), and said "superior offers or other alternatives are expected to emerge." Shares of BHP were up 1.2% in premarket trading.

The Gulf Coast Claims Facility, led by Kenneth Feinberg, will takeover the BP oil spill claims process Monday. The claims will be paid using the $20 billion escrow account established by BP to compensate for damage. Shares of BP (BP) were up 0.1% in premarket trading.

World markets: European shares were modestly higher in mid-morning trade. The CAC 40 in France rose 0.6%, Britain's FTSE 100 gained 0.7% and the DAX in Germany was up 0.3%.

Asian markets slipped. Japan's benchmark Nikkei index ended down 0.7%, the Hang Seng in Hong Kong fell 0.4% and the Shanghai Composite edged lower 0.1%.

Currencies and commodities: The dollar rose against the euro, but fell versus the U.K. pound and the Japanese yen.

Oil futures for October delivery rose 45 cents to $74.27 a barrel. Gold for December delivery edged up 10 cents to $1,228.90.

Bonds: Prices for Treasurys were lower. The yield on the 10-year note rose to 2.63% from 2.62% late Friday. Bond prices and yields move in opposite direction.  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 fixed3.98%4.08%
15 yr fixed3.09%3.11%
5/1 ARM3.20%3.22%
30 yr refi4.06%4.16%
15 yr refi3.17%3.20%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 17,810.06 91.06 0.51%
Nasdaq 4,712.97 11.10 0.24%
S&P 500 2,063.50 10.75 0.52%
Treasuries 2.32 -0.02 -0.86%
Data as of Nov 23
Company Price Change % Change
Bank of America Corp... 17.12 0.12 0.71%
Kinder Morgan Inc 39.75 -0.17 -0.43%
Apple Inc 116.47 0.16 0.14%
Intel Corp 35.59 -0.36 -1.00%
Microsoft Corp 47.98 -0.72 -1.48%
Data as of Nov 21

Sections

This arrangement, announced Friday, illustrates how the lines have blurred between traditional TV networks and newfangled options like Netflix. More

China's central bank surprised investors last week with its first rate cut in more than two years. But get used to that -- analysts say more cuts are in the pipeline. More

Regin is malware has been lurking in computers for as long as six years, according to Symantec. But experts don't know much about where it is from, what it does and who has been targeted. More

Obama doesn't have the authority to create a startup visa, but part of his reform announcement could include a workaround for entrepreneurs: 'parole status.' More

Nearly half of all Americans say there's a chance they'll have to work during a holiday between Thanksgiving and New Year's, according to a new poll. And one in four say they'll have to work whether they want to or not. More

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: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. 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 2014 and/or its affiliates.