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Updated from 6:45 a.m. EDT
Premarket futures were forecasting a higher open for stocks on Wall Street Tuesday as traders remained optimistic after the government seized Fannie Mae (FNM Quote) and Freddie Mac (FRE Quote) over the weekend.
Futures for the S&P 500 were up 3.5 points at 1271 and were 2.7 points above fair value. Nasdaq futures were higher by 6.3 points at 1767 and were 3 points ahead of fair value.
On Monday, the major indices finished with solid gains following the government takeover of Fannie and Freddie. The two companies have been at the epicenter of the housing and credit crises, and questions about their solvency had contributed to worries about the entire financial-services industry. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
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