RTRS: Stock index futures point to higher Wall Street open
Stock futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes were up 0.3-0.6 percent, pointing to a higher start on Wall Street.
Fed Chairman Ben Bernanke was due to testify before the Senate Budget Committee at 10:00 a.m. EST, while Treasury Secretary Timothy Geithner was due to appear at the House Ways and Means Committee at 12:30 p.m. EST.
Pending Home Sales Index for January and monthly Housing Forecast were due at 10:00 a.m. EST.
Automakers report U.S. sales for February. In January, U.S. auto industry sales plunged 37 percent and hit the lowest monthly annualized selling rate in 27 years. * Shares in Genzyme Corp (GENZ.O: Quote, Profile, Research, Stock Buzz) fell 3.3 percent to $54.68 in extended trade on Monday after the company said it had received a complete response letter from the FDA for its application to market Lumizyme for the treatment of Pompe disease.
U.S. stocks slid to 12-year lows on Monday as a record $61.7 billion loss for AIG and another government bailout for the insurer heightened concerns about the extent of the damage to the financial system.
