NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a rebound on Wall Street Monday following losses Friday that were led by disappointing corporate earnings.
European stocks were trading lower while Asian shares ended Monday's session mixed. Japan's Nikkei 225 rose 0.1% to close at 9,010.71, weighed down by a widening of Japan's trade deficit in September.
The economic calendar in the U.S. Monday is light on data.
U.S. stocks on Friday plunged with investors spooked by a batch of high-profile earnings misses and the re-emergence of eurozone jitters. The Dow Jones Industrial Average sank more than 205 points, or 1.52%, to close at 13,343.51. The blue-chip index was able to hold onto a slim 0.11% gain for the week and is up 9.2% in 2012.
President Barack Obama and GOP challenger Mitt Romney head into their third and final debate in a near draw, according to the latest poll from The Wall Street Journal/NBC News. The debate Monday evening in Boca Raton, Fla., will focus on foreign policy.
Caterpillar (CAT - Get Report), the heavy construction-equipment maker, is expected by analysts Monday to post third-quarter earnings of $2.23 a share on revenue of $16.79 billion.
Yahoo! (YHOO - Get Report), the Internet company, is seen reporting after the close of trading Monday third-quarter profit of 26 cents a share on revenue of $1.08 billion.
Reports are also expected Monday from the likes of Texas Instruments (TXN), Hasbro (HAS), Freeport McMoRan Copper & Gold (FCX)and V.F. Corp. (VFC)
BP (BP - Get Report), the U.K. oil company, confirmed Monday it's in advanced talks about selling its stake in TNK-BP to Rosneft, Russia's state-controlled oil company, in a deal of about $30 billion.
Ancestry.com (ACOM), the genealogy Web site, has agreed to be acquired by an investor group led by European private-equity firm Permira for about $1.6 billion, or $32 a share, The Wall Street Journal reported, citing people familiar with the deal. Shares of Ancestry.com closed Friday at $29.18.
Philips Electronics (PHG - Get Report), the European maker of electric shavers, light bulbs and medical imaging equipment, said third-quarter earnings more than doubled amid cost cuts and as sales rose.
"Why I Left Goldman Sachs," the book from Greg Smith, the vice president who announced he was leaving Goldman Sachs with a scathing editorial in The New York Times in March, is being released Monday.
-- Written by Joseph Woelfel
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