2. Yahooooo!:Yahoo(YHOO, Tech30) is a strong performer premarket. Its shares are rising by about 2% as investors get excited about the upcoming Alibaba IPO, expected to launch next week. Yahoo owns a 24% stake in the Chinese tech giant.
3. Economics: The Census Bureau will release data on construction spending at 10 a.m. ET. At the same time, the Institute for Supply Management will release its latest August data on the heath of the manufacturing sector.
4. Stock market recap: U.S. stocks closed higher Friday. The Dow added nearly 19 points, while the S&P 500 moved up 0.3% and the Nasdaq closed 0.5% higher. August was a solid month in the stock market. The Dow rose by 3.2%, the S&P 500 climbed up by 3.8% and the Nasdaq soared by nearly 5%.