Stocks set for flat startFutures little changed as investors await this week's economic readings; overseas markets rally.LONDON (CNNMoney.com) -- U.S. stock futures were little changed Monday after the previous session's rally as investors awaited a batch of economic reports due out this week. At 4:47 a.m. ET, Nasdaq and S&P futures were indicating a flat open for Wall Street. Stocks jumped Friday, lifted by Microsoft's (MSFT, Fortune 500) takeover bid for rival Yahoo (YHOO, Fortune 500). While the potential merger boosted stocks, investors remain worried about a recession, and this week brings releases on productivity, home sales and wholesale inventories. Monday kicks off with the Commerce Department releasing a report on December factory orders at 10 a.m. ET. Economists surveyed by Briefing.com are expecting a 2% rise in orders, versus the 1.5% gain in November. Earnings are also due from food processor Archer Daniels Midland (ADM, Fortune 500) and fast-food retailer Wendy's (WEN) before the market open. In global trade, Asian stocks rallied. European stocks also jumped in morning trading. |
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