This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Futures Rise as U.S. Avoids Shutdown

Stocks in this article: ^IXIC ^DJI ^GSPC

NEW YORK ( TheStreet) -- Stock futures were pointing to a higher open Monday after lawmakers reached a budget agreement to prevent a government shutdown, and the market looked ahead to the start of earnings season with Alcoa (AA) results due after the bell.

Futures for the Dow Jones Industrial Average were up by 10 points, or 13 points above fair value, at 12,336. Futures for the S&P 500 were higher by 1 point, or nearly 1 point above fair value, at 1325. Nasdaq futures were ahead by 4 points, or nearly 4 points above fair value.

Stocks dropped Friday after oil topped $112 a barrel and the market anticipated a government shutdown.

Late Friday, President Barack Obama and congressional leaders were able to agree to a plan that would lower spending by $39 billion, funding government operations for the next six months.

Northeastern Japan was hit by another powerful aftershock on Monday , exactly a month after a massive quake and subsequent tsunami critically damaged the country's Fukushima Dai-Ichi nuclear plant, spurring fears about a nuclear crisis.

Japan's Nikkei slipped 0.5% and Hong Kong's Hang Seng declined by 0.4%. London's FTSE was gaining 0.05% while the DAX in Frankfurt was down by 0.2%.

With no economic reports scheduled for release on Monday, the market will likely focus on Alcoa, which will kick off earnings season with its first-quarter results due out after the closing bell . The aluminum producer is expected to post a profit of 27 cents a share. In the year-earlier quarter, Alcoa reported an adjusted profit of 10 cents a share. Alcoa's stock was trading 0.9% higher at $18.08 ahead of Monday's opening bell.

Shares of Endo Pharmaceuticals (ENDP) was gaining 12.1% to $45.80 ahead of Monday's opening bell after it agreed to acquire American Medical Systems (AMMD) for $30 a share, or $2.9 billion in cash. American Medical 's stock was soaring 32.6% to $29.60.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs