NEW YORK (

TheStreet

) -- Stock futures were pointing to a stronger open Monday as international airstrikes helped Libyan rebel fighters take back territories previously lost to dictator Moammar Gadhafi's troops.

Futures for the

Dow Jones Industrial Average

were up by 5 points, or 21 points above fair value, at 12,175. Futures for the

S&P 500

were higher by 1 point, or 2 points above fair value, at 1311, and

Nasdaq

futures were ahead by 5 points, or 7 points above fair value.

Stocks extended gains Friday as the U.S. economy expanded at a faster-than-expected pace in the fourth quarter of 2010.

Western military forces

tipped Libyan power clashes in the rebels' favor, helping to lower oil prices.

The May crude contract was losing $1.33 to trade at $104.07 a barrel. The April gold contract was down by $14.80 to trade at $1,411.40 an ounce.

Japan's Nikkei shed 0.6%, and Hong Kong's Hang Seng declined by 0.4%. London's FTSE was adding 0.1% while the DAX in Frankfurt was off by 0.2%.

Personal incomes rose 0.3%, as expected, in February after jumping 1% in January. Personal spending in February showed a larger-than-expected gain of 0.7% after inching 0.2% higher in January. Economists had only expected a 0.5% increase, according to Briefing.com.

Shares of

Eastman Kodak

(EK)

were gaining 16.2% to $3.95 ahead of Monday's opening bell on the company's

progress in its patent dispute with

Apple

(AAPL) - Get Report

and

Research In Motion

(RIMM)

.

At 10 a.m., the National Association of Realtors will report on January pending home sales. In December, sales slipped 2.38%.

The benchmark 10-year Treasury fell 7/32, lifting the yield to 3.467%. The dollar strengthened against a basket of currencies with the dollar index up by 0.3%.

.

-- Written by Melinda Peer in New York

.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.