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!

5 Things You Should Know Before the Stock Market Opens

NEW YORK (TheStreet) -- U.S. stock futures were suggesting Wall Street would open higher Monday after Spain reached a deal with eurozone finance ministers to prop up the country's ailing banks with ¿100 billion ($125 billion) of funds.

European shares rose, with Spain's stock market leaping 5% in trading Monday. Once audits are completed, Spain said it would specify how much of the ¿100 billion it would need to tap.

Asian stocks finished with gains Monday following better-than-expected data that showed China's exports jumped in May from a year earlier. Japan's Nikkei 225 index gained 2% to close at 8,624.90.

U.S. stocks ended last week with gains. The Dow Jones Industrial Average added 93 points, or 0.75%, to close at 12,554 on Friday; the blue-chip index finished the week up 3.6%.


The economic calendar in the U.S. on Monday is empty, but some of the more notable reports this week include the Treasury budget on Tuesday, retail sales on Wednesday and the University of Michigan consumer sentiment index on Friday.


Apple (AAPL) kicks off Monday its Worldwide Developers' Conference, where the tech giant is expected to launch several new products, including new computers and a new mobile operating system.

Apple's next mobile operating system, iOS 6, is expected to be one of the main attractions at the event.


General Electric (GE) is considering breaking off big chunks of its lending business, GE Capital, The Wall Street Journal reported.

Top executives are looking at possibly selling businesses in GE Capital's consumer-finance portfolio, such as private-label credit cards or showroom financing for products like snowblowers or lawn mowers, according to three people familiar with the company's thinking, the Journal said.

The moves reduce the size of GE Capital's loan portfolio by as much as 16%, according to the newspaper.


Goldman Sachs (GS) is close to signing a deal to sell its hedge fund administration business to State Street (STT), The Financial Times reported.

A sale would create the world's biggest administration services provider to hedge funds.

The newspaper said the companies are in late-stage discussions.


-- Written by Joseph Woelfel



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

>To submit a news tip, send an email to: tips@thestreet.com.

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • 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