Monday, October 5, 2009

Stocks Set to Bounce; Banks in Focus - WSJ.com

By BARBARA KOLLMEYER
U.S. stock-index futures pointed to a higher open Monday, with the market recovering slightly from last week's disappointing nonfarm payrolls data.

Less than two hours before the start of trading, Dow Jones Industrial Average futures were 41 points higher at 9476. The S&P 500 futures gained 5.3 to 1027, and Nasdaq 100 futures added 10 points to 1672.25. Changes in futures do not always accurately predict early market moves after the opening bell.

Investors will be eyeing a report on business activity in the services sector for signs of an improving economy. The ISM survey is scheduled to be released at 10 a.m., with expectations that the index will rise from 48.4 last month to the 50 level, according to economists polled by MarketWatch.



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