U.S. Stock Futures Point to Mixed Start

Updated from 7:56 a.m. EDT

Premarket futures were pointing to a mixed open Monday as reminders of the ongoing housing and credit crises contrasted with solid earnings reports from several big Wall Street names.

Futures for the S&P 500 were even at 1254 and were 4 points under fair value. Nasdaq futures were up 5 points at 1846 but were 6 points short of fair value.

Over the weekend, a slew of corporate news emerged to help set the tone for Monday's trading. In a new development for the ongoing credit crisis, the government said last Friday that it had closed two banks, First National Bank of Nevada and First Heritage Bank of Newport Beach California. The Federal Deposit Insurance Corporation is backing the banks' deposits. ...