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- Before the bell: Stocks set to continue rebound
Before the bell: Stocks set to continue rebound
U.S. stocks were headed for a slightly higher open Friday, as oil and gold prices spiked and investors awaited news about the pending government shutdown.
Oil prices rose as high as $111.90 a barrel Friday, a day after Japan was hit with another earthquake.
Precious metals also rallied, with gold hitting an intraday record of $1,472.60 an ounce.
Government shutdown The federal government faces a shutdown in less than 24 hours unless Congress and the White House reach agreement on a budget for the remainder of fiscal 2011 by midnight
Companies: Shares of Expedia (EXPE) surged 13% in premarket trading. The travel site operator announced late Thursday that it planned to split itself into two companies. One for TripAdvisor and another for the other Expedia businesses, which include Hotels.com and Hotwire.
Economy: Investors will get February wholesale inventories figures from the Commerce Department at 14:00GMT.
Economists expect a rise of 1% versus 1.1% in January.
World markets:
The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.59% from 3.55% late Thursday
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