NEW YORK (
) -- 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
were higher by 1 point, or 2 points above fair value, at 1311, and
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.
were gaining 16.2% to $3.95 ahead of Monday's opening bell on the company's
progress in its patent dispute with
Research In Motion
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.