U.S. futures set to gain after 3 day dip
U.S. stock futures pointed to opening with gains on Tuesday in New York after closing in the red three days in a row.
S&P 500 futures rose 9.1 points to 1,284.70 and Dow industrial futures rose 71 points. Nasdaq 100 futures rose 8.25 points to 1,685.00.
U.S. stocks fell on Monday, amidst concerns over Bear Stearns after Moody's Investors Services downgraded several securities issued by the bank offsetting stronger-than-forecast sales from McDonald's.
The Dow industrials finished 153 points lower, the S&P 500 lost 20 points and the Nasdaq Composite dropped 43 points.
In currency trading, the dollar edged higher on the yen, up 0.4 percent to 102.17 yen.
Oil futures fell 9 cents to $107.80 a barrel, while gold futures rose $5.70 to $977.50 an ounce.
In Europe, the Dow Jones Stoxx 600 Index added 0.6 percent. France's CAC advanced 0.6 percent, and the U.K.'s FTSE 100 gained 0.5 percent. Germany's DAX increased 0.4 percent and the Nikkei 225 advanced 1 percent in Tokyo.
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