ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


U.S. stock futures rose Monday, after gains in the Dow last week snapped a two-week losing streak for the blue-chip index. Stocks gained overseas, with the Stoxx Europe 600 index up 1.1%. Japan’s Nikkei rose 2.4%, pacing gains among Asian stocks.

Dow Jones Industrial Average futures rose 65 points, or 0.4%, to 16544.

S&P 500 index futures added nine points, or 0.5%, to 1933 and Nasdaq-100 futures gained 23 points, or 0.6% to 3897. Changes in stock futures don’t always accurately predict stock moves after the opening bell.

Stocks rose Friday on reports of easing tensions in Ukraine. The Dow rose 1.1% to 16553.93 and the S&P 500 added 1.2% to 1931.59, with major indexes posting weekly gains.

Investors are weighing tensions in Ukraine and the Middle East with improving economic data and corporate earnings to gauge whether the recent pullback in stocks is temporary. The Dow was down 3.4% from its July 16 record as of Friday’s close. Also up in the air is how proof of an economic recovery will affect the Federal Reserve’s monetary policy, which has kept interest rates low and boosted the allure of stocks.

“Stocks got pretty oversold in the last two weeks,” said Bruce Bittles, chief investment strategist at R.W. Baird. Short-term indicators at the end of last week suggested that pessimism was too thick, leading to Friday’s bounce, he added. “That’s why we’re rebounding today,” he said.

Assets that are typically thought of as havens took a breather on Monday. Gold futures were steady at $1,310.80 an ounce. U.S. government debt inched lower, with the yield on the 10-year Treasury note rising to 2.436%, according to FactSet. Treasury yields move inversely with prices.

No major economic data are scheduled for release.

In corporate news, Kinder Morgan Inc. is consolidating into a single company, combining its four publicly traded units into one corporation. The company said it would pay about $40 billion in stock and $4 billion in cash to investors in the three related companies, and assume $27 billion in debt.