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Stocks Set to Open Higher on Bank Infusion

Stock quotes in this article: PEP , JNJ , BA , GS , AIG , C , JPM  

Updated from 6:59 a.m. EDT

Premarket futures were indicating stocks on Wall Street would continue their rally Tuesday, as the Treasury Department outlined a plan to invest some $250 billion in U.S. banks, with $125 billion earmarked for the nine largest.

Futures for the S&P 500 were up 39 points to 1055 and were 48 points ahead of fair value. Nasdaq futures were better by 35 points at 1494 and were 54 points above fair value.

On Monday, stocks snapped back from their eight-session October losing streak with massive gains. The Dow registered its largest-ever one-day point gain, rising 936 points, or 11%. The S&P 500 and the Nasdaq each jumped nearly 12%. The large gains came as central banks around the world collaborated on plans to inject capital into the global financial system. ...

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