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Updated from 7:08 a.m. EDT
Premarket futures were indicating U.S. stocks would leap higher at the open Monday after the U.S. government said it would take over mortgage giants Fannie Mae (FNM Quote) and Freddie Mac (FRE Quote).
Futures for the S&P 500 were up 40 points at 1281 and were 38 points above fair value. Nasdaq futures were up 39 points at 1809 and 40 ahead of fair value.
Trading during the previous, Labor Day-shortened week was marked by highly volatile trading and uncertainty about the future direction of the economy. A drop in crude-oil prices failed to stoke significant buying ambition for equities, as traders worried that declining demand for commodities signaled a wide slowdown in growth. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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