Stocks to open higher

  @CNNMoneyInvest October 22, 2012: 8:41 AM ET
Dow 830 am

Click for more market data.


U.S. stock futures rose Monday, ahead of another batch of corporate earnings.

Global bellwether Caterpillar (CAT, Fortune 500) kicked off a busy week of corporate earnings with a disappointing outlook, even as its quarterly results came in better than expected.

The heavy equipment manufacturer said it expects to earn between $9 and $9.25 per share on sales of about $66 billion in 2012. Analysts surveyed by Thomson Reuters had predicted full-year earnings of $9.40 per share on sales of $67 billion.

Despite the negative guidance, Caterpillar earned $2.54 per share in the third quarter, topping analysts' expectations.

Yahoo (YHOO, Fortune 500), with new CEO Marissa Mayer at the helm, reports after the bell. Yahoo is expected to post earnings of 26 cents a share on $1.08 billion in revenue.

Fellow tech heavyweights Facebook (FB) and Apple (AAPL, Fortune 500) are up later in the week, as are AT&T (T, Fortune 500) and Boeing (BA, Fortune 500).

Related: Facebook's week of reckoning

U.S. stocks fell Friday, the worst day on Wall Street since June, following a slew of weak earnings reports.

Analysts at S&P Capital IQ predict third-quarter earnings for companies in the S&P 500 will grow by just 0.04% overall this quarter, the worst since the third quarter of 2009.

Fear & Greed Index

World Markets: European stocks were mixed in early trading. Britain's FTSE 100 rose 0.1%, the DAX in Germany was little changed, and France's CAC 40 added 0.2%.

Asian markets closed higher. The Shanghai Composite rose 0.2%, the Hang Seng in Hong Kong advanced 0.7%, and Japan's Nikkei gained 0.1%.

Related: China currency plays role in U.S. politics

Companies: DISH Network (DISH, Fortune 500) reached an agreement with Voom HD Holdings, which owns Cablevision and AMC Networks, on Sunday. DISH agreed to pay $700 million in cash to settle a dispute over wireless multichannel video distribution and data service licenses.

BP (BP) said Monday it was in "advanced discussions" on a deal that would result in the sale of 50% of its Russia-based assets to Rosneft, a state-owned oil and gas company.

Hasbro (HAS) reported third-quarter earnings of $1.24 per share, down from $1.27 per share in the same period last year. Excluding foreign exchange costs, the toymaker said it made $1.28 per share.

Genealogy website (ACOM) announced plans to be taken over by an investor group led by private equity firm Permira. The cash transaction values at $1.6 billion, or $32 per share. Shares surged 8% ahead of the bell.

Halcón Resources (HK) announced a $1.4 billion deal with Petro-Hunt to develop a stake in North Dakota's gas-rich Bakken and Three Forks region.

Starbucks CEO on opening in India

Currencies and commodities: The dollar fell against the euro and the British pound, but edged higher against the Japanese yen.

Oil for November delivery rose 17 cents to $90.22 a barrel.

Gold futures for December delivery gained 5 cents to $1,724.50 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury edged lower, pushing the yield up to 1.81% from 1.77% late Friday. To top of page

Join the Conversation
Sponsored by
Index Last Change % Change
Dow 16,424.85 162.29 1.00%
Nasdaq 4,086.23 52.07 1.29%
S&P 500 1,862.31 19.33 1.05%
Treasuries 2.64 0.01 0.34%
Data as of 8:18pm ET
Company Price Change % Change
Bank of America Corp... 16.13 -0.26 -1.59%
Facebook Inc 59.72 0.63 1.07%
Yahoo! Inc 36.35 2.14 6.26%
Intel Corp 26.93 0.16 0.60%
Alcoa Inc 13.42 0.37 2.84%
Data as of 4:02pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.41%4.44%
15 yr fixed3.33%3.31%
5/1 ARM3.34%3.55%
30 yr refi4.39%4.41%
15 yr refi3.31%3.30%
View rates in your area
Find personalized rates:
Rate data provided
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: © 2014 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 © 2014 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. 2014. All rights reserved. Most stock quote data provided by BATS.