Stocks set for modestly higher open - WAOW - Newsline 9, Wausau News, Weather, Sports

Stocks set for modestly higher open

NEW YORK (AP) -- Stock futures are rising, pointing to a moderately higher open as investors look to build on last week's momentum that sent major indexes to their highest levels of the year.

U.S. markets are poised Monday to follow sharp gains overseas.

Investors were encouraged by Federal Reserve Chairman Ben Bernanke's declaration Friday that the economy is on the verge of recovery.

Traders will get plenty of data on housing and the consumer to sort through this week to determine if Bernanke's upbeat view can be backed up by actual activity.

Ahead of the opening bell, Dow Jones industrial average futures are up 37, or 0.4 percent, at 9,526. Standard & Poor's 500 index futures are up 3.00, or 0.3 percent, at 1,028.20, while Nasdaq 100 index futures are up 4.50, or 0.3 percent, at 1,640.00.

Online Reporter: Kelsi Schindler

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