Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- U.S. stock futures were pointing slightly higher Monday, the first day of a trading week that will be heavy on economic data.
The Federal Reserve's policy-making arm is scheduled to meet on Tuesday and Wednesday.
European stocks were trading flat to lower Monday while Asian shares ended mixed. Japan's Nikkei 225 index fell 0.9% to close at 10,824.31. Hong Kong's Hang Seng index rose 0.4%.
The economic calendar in the U.S. Monday includes durable-goods orders at 8:30 a.m. EST and pending-home sales at 10 a.m.
U.S. stocks on Friday rose, with all three key indices ending the week higher, as Procter & Gamble(PG) shares popped after an upbeat earnings forecast, and AT&T(T) advanced after the company posted a narrower quarterly loss.
The Dow Jones Industrial Average rose 71 points, or 0.5%, to finish at 13,896. The blue-chip index gained 1.8% for the week.
The S&P 500 gained 8 points, or 0.5%, to 1,503 on Friday. The index ended up 1.1% for trading week. The Nasdaq rose 19 points, or 0.6%, to 3,150. The tech-heavy index added 0.5% for the week.
Yahoo!(YHOO) is expected by analysts Monday to post fourth-quarter earnings of 28 cents a share on revenue of $1.21 billion.
The report encompasses the Internet company's first full quarter under CEO Marissa Mayer.
Yahoo!'s report is expected after Monday's closing bell.
Caterpillar(CAT) is expected by Wall Street to report earnings of $1.70 a share in the fourth quarter on revenue of $16.12 billion.
The maker of heavy construction and mining equipment earned $2.32 a share in the year-earlier fourth quarter on revenue of $17.24 billion.
Toyota(TM) is again the world's top automaker, tallying global sales in 2012 of 9.748 million vehicles, topping General Motors, which sold 9.29 million vehicles last year.
Twitter's valuation is jumping following a new investment offer from BlackRock (BLK) , according to reportd.
Citing anonymous sources, the Financial Times late Friday reported that BlackRock had launched an $80 million tender offer to a number of Twitter's early employees.
The offer would value the social media company at more than $9 billion, up from the $8 billion valuation at the time of Twitter's last significant round of fundraising, the newspaper said.
-- Written by Joseph Woelfel
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