Stock futures tick up as commodities rise
Stock index futures were higher on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors.
The healthcare sector is in focus after a broad healthcare bill passed a crucial test in the U.S. Senate early on Monday, as Democrats put together enough votes to clear a key procedural hurdle in approving President Barack Obama's top legislative priority.
The dollar index <.DXY> edged 0.3 percent lower, while February crude gained nearly 1 percent to top $75 per barrel.
Investors will keep an eye on Dubai after debt-ridden conglomerate Dubai World
S&P 500 futures rose 5.8 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 38 points, and Nasdaq 100 futures added 10.5 points.
Jabil Circuit Inc
General Motors
Pfizer Inc
, the world's biggest drugmaker, is buying the rights to a stem-cell therapy to treat inflammatory bowel disease from Athersys Inc
Terex Corp
French group Safran SA
Japan's exports rose by the most in seven years on signs of a pickup in demand from China, easing fears that Japan would slip back into recession next year.
U.S. stocks rose Friday in choppy trade as quarterly results from Oracle Corp
(Editing by Jeffrey Benkoe)
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