March 17, 2014 -- 8:30 a.m. - 03/17/14
Stock index futures are suggesting a higher open on Monday. The Dow and S&P 500 are both up 0.4%. The NASDAQ is trading 0.5% above fair value on Globex.
The major averages are poised to rebound from last weeks retreat even after voters in Crimea supported seceding from the Ukraine. Futures remained higher after a report showed activity in the New York region expanded in March. Shortly ahead of the opening bell, additional releases are expected to show industrial production increased 0.2% and capacity utilization rose to 78.6% in February. Focus will also be on the Fed ahead of the start of its two-day policy meeting tomorrow.
Shares of Keurig Green Mountain are up 3.7% to $117.48 in the pre-market after it was announced it would be added to the S&P 500 index later this week. Retailer Sears Holding is gaining 3.2% to $45.40 after its board approved the spin-off of its Lands End unit.
European markets are higher at midsession. The FTSE is up 0.3% in London. The DAX is advancing 0.6% in Frankfurt. Asian markets were mixed overnight. The Nikkei declined 0.4% in Tokyo as the yen weakened against the dollar for the first time in six sessions. Chinas Shanghai Composite rose 1% led by gains in the technology sector.
Treasuries are down with the 10-year note off 3/32 to yield 2.67%.
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.