NEW YORK (TheStreet) -- U.S. stock futures were pointing slightly higher Monday, the first day of a trading week that will be heavy on economic data.
The Federal Reserve's policy-making arm is scheduled to meet on Tuesday and Wednesday.
European stocks were trading flat to lower Monday while Asian shares ended mixed. Japan's Nikkei 225 index fell 0.9% to close at 10,824.31. Hong Kong's Hang Seng index rose 0.4%.
The economic calendar in the U.S. Monday includes durable-goods orders at 8:30 a.m. EST and pending-home sales at 10 a.m.
U.S. stocks on Friday rose, with all three key indices ending the week higher, as Procter & Gamble (PG) shares popped after an upbeat earnings forecast, and AT&T (T) advanced after the company posted a narrower quarterly loss. The Dow Jones Industrial Average rose 71 points, or 0.5%, to finish at 13,896. The blue-chip index gained 1.8% for the week. The S&P 500 gained 8 points, or 0.5%, to 1,503 on Friday. The index ended up 1.1% for trading week. The Nasdaq rose 19 points, or 0.6%, to 3,150. The tech-heavy index added 0.5% for the week.
Yahoo! (YHOO) is expected by analysts Monday to post fourth-quarter earnings of 28 cents a share on revenue of $1.21 billion. The report encompasses the Internet company's first full quarter under CEO Marissa Mayer. Yahoo!'s report is expected after Monday's closing bell.
Caterpillar (CAT) is expected by Wall Street to report earnings of $1.70 a share in the fourth quarter on revenue of $16.12 billion. The maker of heavy construction and mining equipment earned $2.32 a share in the year-earlier fourth quarter on revenue of $17.24 billion.
Earnings are also expected Monday from Seagate Technology (STX), VMware (VMW) and BMC Software (BMC).
Toyota (TM) is again the world's top automaker, tallying global sales in 2012 of 9.748 million vehicles, topping General Motors, which sold 9.29 million vehicles last year.
Twitter's valuation is jumping following a new investment offer from BlackRock (BLK), according to reportd. Citing anonymous sources, the Financial Times late Friday reported that BlackRock had launched an $80 million tender offer to a number of Twitter's early employees. The offer would value the social media company at more than $9 billion, up from the $8 billion valuation at the time of Twitter's last significant round of fundraising, the newspaper said.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV