U.S. Stocks Seen Rising on Citi Bailout

Separately, the transition team of President-elect Barack Obama said on Sunday it is working on an economic-stimulus plan to help avert the worst of an emerging economic downturn. Details of the plan include possibly allowing President Bush's tax plan to remain in place and legislation that would add or replace 2.5 million American jobs.

News of the incoming administration's plan to prop up the economy came after three banks, including Downey Financial (DSL Quote), failed on Friday.

Looking at the day's economic data, October existing-home sales from the National Association of Realtors are due out Monday.

As to commodities, crude oil was losing 3 cents to $49.90 a barrel. Gold was gaining $22.70 yo $814.50 an ounce.

Longer-dated U.S. Treasury securities were mixed. The 10-year was down 10/32, yielding 3.23%, and the 30-year was gaining 6/32 to yield 3.68%. The dollar was weakening against its major foreign competitors.

Abroad, European exchanges including the FTSE in London and the DAX in Frankfurt were marking gains. In Asia, Japan's Nikkei was closed for a holiday. Hong Kong's Hang Seng index finished with losses.