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Monday, December 28, 2009

Stocks set to start the week higher (DJIA)

NEW YORK (CNNMoney.com) -- U.S. stock markets are expected to open slightly higher Monday as they begin the final trading week of 2009 Monday, with all three of the major indexes at their peaks for the year.

Dow Jones industrial average, Nasdaq-100 and S&P-500 futures were all higher. Futures measure current index values against their perceived future performance and offer an indication of how markets may open when trading begins.

Stocks have risen the past five sessions, including all 3-1/2 days of last week's holiday-shortened trading. The Dow posted a 0.5% weekly gain, while the S&P rose 1.8%. The Nasdaq added 4.3% last week.

The year-end holidays will again influence trading. While New Year's Eve, on Thursday, is a full trading day, all markets are closed Friday for New Year's Day.

World markets: Asian markets ended mixed, with Tokyo's Nikkei index up 1.3% and Hong Kong's Hang Seng index down 0.2%. In Europe, markets in France and Germany were higher in morning trading; British markets are closed for the Boxing Day celebration.

Other markets: The dollar eased against the euro, yen and pound.

Crude oil for February delivery rose 20 cents to $78.25 a barrel.

Gold for February delivery rose $7.20 to $1,112 per ounce
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