Stocks Look to Shake off 4-Week Losing Streak
NEW YORK (AP) - Stock futures are pointing higher to open this week after fears that the economy could be headed into a second recession pummeled the major indexes for four weeks in a row.
No major economic reports are due out Monday. Crude oil jumped 1.6 percent to $83.58 a barrel in early trading as Libyan rebels appeared closer to toppling Moammar Gadhafi's regime. Rebel forces pushed into the capital Tripoli on Sunday. Some analysts believe oil prices could drop as Libyan resumes exporting oil.
Roughly two hours ahead of the opening bell, Dow Jones industrial average futures are up 118 points, or 1.1 percent, to 10,938. S&P 500 index futures are up 14 points, or 1.3 percent, to 1,138. Nasdaq 100 futures are up 32 points, or 1.6 percent, at 2,073.