NEW YORK (AP) — Stocks are set to bounce back modestly after a brutal close to the previous week. Futures are higher.
Investors are ready to buy up stocks after the Dow Jones industrial average plummeted 261 points Friday. Stocks tumbled as traders became concerned that future revenue at big banks like Citigroup and Bank of America could be hurt by new financial regulations and ongoing volatility in the market.
Earnings and corporate outlooks will likely be the primary driver of trading throughout the week again with only a few economic reports due out.
Dow Jones industrial average futures are up 49, or 0.5 percent 10,108. Standard & Poor’s 500 index futures are up 5.90, or 0.6 percent, at 1,069.00, while Nasdaq 100 index futures are up 7.75, or 0.4 percent, at 1,809.75.
