Stocks are poised for a higher start as Dubai gets bailed out

U.S. stocks are set to open higher Monday morning after Dubai received a last-minute lifeline from neighboring Abu Dhabi, which lent it $10 billion on a day some debt was to expire. Meanwhile in the U.S., Citigroup announced it will repay its bailout funds.

Without much in the way of economic reports, investors are likely to concentrate on the banking sector, as many execs are meeting today with President Obama to discuss lending and compensation practices, as well as falling oil prices.

More here: Before the bell: Futures higher after Dubai's bailout, Citi repaying TARP

Increase your money and finance knowledge from home

Investor’s Toolbox

Improve your investing savvy with the right financial toolset.

View Course »

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Add a Comment

*0 / 3000 Character Maximum