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- Before the bell: Stocks set to continue rebound
Before the bell: Stocks set to continue rebound
U.S. stocks were set for a solid open Monday, as investors awaited key economic data and continue to focus on global developments.
Stocks managed to head higher last week, as investors turned their attention to strong corporate earnings and shrugged off geopolitical concerns. The Dow gained more than 3%, the S&P 500 gained 2.7% and the Nasdaq surged 3.7%.
Economy: The Commerce Department reported that spending by individuals increased 0.7% in February, topping a forecasted 0.5% rise. Personal incomes rose 0.3% in the month, matching expectations.
Additionally, the National Association of Realtors will issue its January pending home sales report at 14:00 GMT. Pending home sales are expected to increase 0.3%.
World markets:
Oil for May delivery slipped 20 cents to $105.40 a barrel.
Gold futures for April delivery fell $10.60 to $1,415.60 an ounce.
The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.44% from 3.40% late Friday.
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