U.S. Stocks Seen Rising on Citi Bailout

Premarket futures were hinting at a higher open for U.S. stocks Monday, following an announcement that Citigroup (C Quote) had secured government aid that would help prevent a breakup of the enormous and troubled bank.

Futures for the S&P 500 were up 13 points at 805 and were 5.7 above fair value. Nasdaq futures were adding 11 points at 1102 and were 16 ahead of fair value.

On Friday, stocks fluctuated sharply throughout the day before staging a late rally that coincided with reports that President-elect Barack Obama would select New York Federal Reserve chief Tim Geithner to run the Treasury Department. ...