U.S. stock futures pointed to a solid open Monday after strong results from Ford Motor Co. and as investors looked ahead to a week of rate decisions, earnings and economic reports. See Indications.
CIT Group Inc., a major lender to small and midsize businesses across the nation, becomes the latest victim of the financial crisis, filing one of the largest Chapter 11 bankruptcies in U.S. history
The U.S. dollar begins the week on a soft note, losing ground to major rivals as strong data from purchasing managers in Asia and Europe prompted investors to cautiously up their risk tolerance, strategists said.
Gold futures gain more than 1% on Monday, as the U.S. dollar falls against other major currencies, raising the investment appeal of the precious metal.
Among the companies whose shares are expected to see active trade in Monday’s session are the European banks as well as CIT, CNA, Dean Foods, Encore Acquisition, Ford, Humana, Loews, Nice, Terra and U.S. Bancorp.
U.S. stock futures pointed to a solid open Monday as investors look ahead to a week of rate decisions, earnings and economic reports, including a key manufacturing sector gauge as Ford Motor Co. swung to a profit