Stock futures pointed to a modest rebound ahead of the open Monday after the Dow and the S&P 500 experienced their biggest one-day percentage drops Friday since July 2.
Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.
Stocks rallied Monday after a pair of encouraging reports on the manufacturing sector, plus strong bank earnings out of Europe and expectations for strong auto sales. The S&P briefly topped 1,000, a level it hasn't seen since November.
Stocks got a quick pop at the open Monday after some strong bank earnings out of Europe and expectations that auto sales will show a boost from the "Cash for Clunkers" program. But the rally quickly fizzled.
Stock index futures indicated a strong opening for Wall Street Monday, helped by European markets that hit a broader-index high for the year on better-than-expected bank earnings.
Monday, 4 May 2009 | Posted By:
Jeff Cox | Source: CNBC.com
Futures indicated a positive open for U.S. stocks on Monday helped by strong gains in Asia and anticipation that this week's bank stress test results will be relatively benign.
Futures indicated a positive open for U.S. stocks on Monday helped by strong gains in Asia and anticipation that this week's bank stress test results will be relatively benign.
Futures indicated a positive open for U.S. stocks on Monday helped by strong gains in Asia and anticipation that this week's bank stress test results will be relatively benign.
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