Mixed Open Awaits Market

Mattel is among the early earnings reporters.
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Wall Street was headed for a mixed open Monday as earnings season began in earnest and oil prices rose back above the $59 mark.

Futures on the

S&P 500

were up fractionally at 1373.80, about 1 point ahead of fair value. Nasdaq 100 futures were higher by less than a point at 1739.50 and were roughly 2 points below fair value.

Last week, earnings season got underway, and the

Dow Jones Industrial Average

moved further into record territory, going into the weekend within sight of 12,000.

On Friday, the government reported much weaker-than-expected monthly retail-sales data, pressuring the Dow for much of the session. However, a late push lifted the industrials by 12.81 points, or 0.11%, to 11,960.51.

IBM

(IBM) - Get Report

and

Hewlett-Packard

(HPQ) - Get Report

were among the primary gainers.

The S&P added 2.79 points, or 0.2%, to 1365.62, and the

Nasdaq Composite

, with help from

Lam Research

(LRCX) - Get Report

, rose 11.11 points, or 0.47%, to 2357.29. For the week, the Dow gained 110 points, or 0.9%, the S&P 500 was up 16 points, or 1.2%, and the Nasdaq was higher by 57 points, or 2.5%.

Starting the new week,

Mattel

(MAT) - Get Report

beat analysts' third-quarter earnings estimates and said a stock option probe found errors the toymaker said weren't material. The company earned $239 million, or 62 cents a share, for the quarter, up from $225 million, or 55 cents a share, a year ago. Sales rose 7% to $1.79 billion.

At

Philips Electronics

(PHG) - Get Report

, profits rose sharply to $5.3 billion following a big gain from the sale of a majority interest in its chip unit. Revenue ticked up to just under $8 billion.

Away from earnings,

Oshkosh

(OSK) - Get Report

said it would acquire building-equipment maker

JLG

(JLG)

for around $3 billion, and

UnitedHealth

(UNH) - Get Report

said William McGuire is stepping down as chairman and chief executive. McGuire left Sunday as chairman, and he will resign from the CEO post by Dec. 1.

Meanwhile, crude prices rose 46 cents to $59.03 a barrel on word that OPEC would gather this week to talk about production quotas.

On the research front, Goldman Sachs upgraded

Lowes

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, and ThinkEquity cut its rating and price target on

Amazon.com

(AMZN) - Get Report

.