NEW YORK (TheStreet) -- U.S. stock futures were pointing to a mixed open Monday, stalled by inaction from global central banks.
European shares were trading flat, while Asian shares ended Monday's trading session mixed. Japan's Nikkei 224 index rose 0.2% to close at 9,085.39.
The economic calendar in the U.S. Monday is very light.
U.S. stocks on Friday rose after comments from Federal Reserve Chairman Ben Bernanke showed his support for additional stimulus for the economy. The Dow Jones Industrial Average gained 101 points, or 0.8%, to close at 13,158. The index closed the week down 0.9%. The S&P 500 closed up 9 points, or 0.7%, to 1,411 on Friday while the Nasdaq gained 16 points, or 0.54%, to end at 3070.
Car rental giant Hertz Global (HTZ) said late Sunday it reached a deal to smaller rival Dollar Thrifty (DTG) for about $2.3 billion. Hertz will buy Dollar Thrifty for $87.50 a share in cash, a premium of 8% over Dollar Thrifty's closing price of $81 on Friday.
Tiffany (TIF), the upscale jewelry retailer, is expected by analysts Monday to post second-quarter earnings of 74 cents a share, down from 86 cents a share a year earlier.
Samsung shares fell almost 8% in South Korea following Apple's victory Friday in a massive patent suit. Samsung was ordered to pay more than $1 billion in damages to Apple for copying the iPhone and iPad.
Tropical Storm Isaac moved toward the northern Gulf Coast early Monday. The National Hurricane Center predicted Isaac would grow to a Category 2 hurricane over the warm Gulf of Mexico and possibly hit late Tuesday somewhere along a stretch that starts west of New Orleans and runs to the edge of the Florida Panhandle. Republican officials were forced to cancel convention events on Monday because of the threat of Tropical Storm Isaac. -- Written by Joseph Woelfel
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