This Day On The Street
Continue to site
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

5 Things You Should Know Before the Stock Market Opens

NEW YORK ( TheStreet) -- U.S. stock futures are suggesting Wall Street will open lower Monday after weekend anti-austerity votes in Greece and France created further uncertainty on whether Europe can crawl its way out of the debt crisis.

European shares were lower after Sunday's election in Greece resulted in a split Parliament in which no party looked like it would be able to form a government.

"As for the Greek elections, they resulted in complete uncertainty with the possibility of another election taking place in the near future in order to try and put in place a government that can actually have some modicum of control," said Gary Jenkins, managing director of Swordfish Research, The Associated Press reported.

In France, Socialist Francois Hollande defeated incumbent Nicolas Sarkozy in the race for president.

The election had turned into a referendum on austerity measures championed by Sarkozy and his close partner, German Chancellor Angela Merkel, as they sought to lead the eurozone out of its debt crisis. Merkel suffered her own setback in regional elections on Sunday.

In Asia, Japan's Nikkei 225 index dropped 2.8% to close at 9,119.14, the index's lowest close in three months.

Vladimir Putin was sworn in Monday as president of Russia, his third term.

Putin has ruled Russia since 2000, first as president and then during the past four years as prime minister. His new, six-year term keeps Putin in power until 2018. He also has an option to run for a fourth term.

Micron Technology (MU - Get Report) won the right to negotiate exclusively to buy Elpida Memory after offering more than 200 billion yen ($2.5 billion) for the bankrupt Japanese chipmaker, Reuters reported, citing a source with direct knowledge of the deal.

DigitalGlobe (DGI - Get Report) on Sunday rejected a $792 million takeover offer from satellite imagery rival GeoEye (GEOY), saying the hostile bid undervalued the company

The Avengers made $200.3 million domestically in its debut, setting a new record.

The movie, distributed by Walt Disney (DIS - Get Report), breaks the previous record of $169.2 million for the debut of last year's Harry Potter finale.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DIS $115.13 0.00%
DGI $16.92 0.00%
MU $15.56 0.00%
AAPL $117.81 0.00%
FB $105.45 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs