Morning Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- U.S. stock futures suggested Wall Street would open slightly higher Monday, boosted by a July jobs report that came in stronger than expected.

European shares were higher, while Asian stocks finished with healthy gains on Monday. Japan's Nikkei 225 index rose 2% to close at 8,726.29.

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U.S. stocks on Friday soared, driven by a jobs report that reassured investors the economy is on track to grow. A consensus-topping services sector report provided an extra boost to stocks.

The Dow Jones Industrial Average jumped 217 points, or 1.7%, to 13,096. The index rose 0.2% for the week.

The S&P 500 closed up 26 points, or 1.9%, to 1,391, gaining 0.4% for the week. The Nasdaq advanced 58 points, or 2%, at 2,968, closing 0.3% higher last week.

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Knight Capital Group (KCG) is discussing a possible rescue involving TD Ameritrade (AMTD), Getco and other investors, according to a report.

Under the plan being discussed, TD Ameritrade and Getco would be the primary investors in a consortium of more than six entities that would provide a total of $400 million in capital to Knight, The Wall Street Journal reported.

A Knight representative declined to comment, the Journal said.

Knight, the Jersey City, N.J-based market maker, last Wednesday suffered a software glitch that caused it to send out erroneous trading orders. On Thursday, the company announced it had suffered a $440 million pretax loss as a result.

Under the consortium plan, the investors would purchase debt that would convert into stock at $2.50 a share, the Journal report said.

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The U.S. attorney's office in Los Angeles is investigating whether Las Vegas Sands (LVS) violated money-laundering laws by not reporting money transfers to its casinos from two big gamblers, according to the Journal.

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International Airlines Group, the owner of British Airways and Spanish airline Iberia is considering the case for buying a minority stake in American Airlines (AAMRQ.PK) to expand their commercial partnership and ensure that American remains part of Oneworld, the global airline alliance, reported The Financial Times.

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Chesapeake Energy (CHK) is expected by analysts Monday to post fiscal third-quarter earnings of 8 cents a share on revenue of $2.5 billion.

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Tyson TSN (TSN), the meat and chicken processor, is expected Monday to post a profit of 55 cents a share on revenue of $8.75 billion.

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NASA's Curiosity rover touched down safely on Mars Monday beginning a two-year mission to probe areas of the Red Planet to determine whether conditions are favorable for life.

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China leads the U.S. by one Monday in the Olympics medal count, 61 to 60. Chinese athletes have won 30 gold medals; U.S. athletes have won 28.

-- Written by Joseph Woelfel



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