Stock futures point to higher start for Wall St
U.S. stock index futures gained, pointing to a firmer start for Wall Street on Monday. Futures for the Dow Jones, the S&P 500 and the Nasdaq Composite were up 0.4 to 0.6 percent by 4.09 a.m. ET.
The Commerce Department is set to release February personal income and consumption data at 8.30 a.m. Economists in a Reuters survey expect a 0.1 percent rise in income and a 0.3 percent increase in spending. In January, income rose 0.1 percent and spending was up 0.5 percent.
Hynix Semiconductor <000660.KS>, the world's second-biggest memory chip maker, said on Monday that global memory chip supply remained very tight and stronger than expected market conditions would continue into the second quarter.
Dallas Fed issues March Texas Manufacturing Index. In February the index read -0.1.
The Federal Deposit Insurance Corp is not yet on board with Washington Mutual Inc's
It looks like some U.S. customers who preorder Apple Inc's
Boeing Co
Zhejiang Geely Holding Group, China's largest private-run car maker, agreed on Sunday to buy Ford Motor's
Citigroup Inc
SunPower Corp
General Growth Properties Inc
The dollar lost ground to the Australian and New Zealand dollars in choppy trade driven largely by order-book cleaning ahead of the quarter-end.
European shares rose, boosted by mining stocks and the banking sector <.EU>. In Asia, Japan's Nikkei <.N225> dipped 0.1 percent, backing off an 18-month high hit last week as shares with high dividend yields such as Eisai <4523.T> fell after going ex-dividend <.T>.
The Dow and S&P ended flat on Friday, giving back earlier gains after the sinking of a South Korean naval ship, while tech shares' weakness kept the Nasdaq in slightly negative territory.
The Dow Jones industrial average <.DJI> rose 9.15 points, or 0.08 percent, to end at 10,850.36. The Standard & Poor's 500 Index <.SPX> inched up just 0.86 point, or 0.07 percent, to 1,166.59. But the Nasdaq Composite Index <.IXIC> slipped 2.28 points, or 0.10 percent, to close at 2,395.13.
(Reporting by Dominic Lau; Editing by Greg Mahlich)
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