Wednesday, May 20, 2009

Markets opening review

Markets open higher on Wednesday, with energy shares pacing the gains, as the price of crude climbed to six-month highs and worries about bank insolvencies faded. But giving back some of its gains.

Toll Brothers Inc. before Wednesday's opening bell reported its quarterly home-building revenue dropped 51% from the year-earlier period but said it was encouraged by rising deposits during the spring selling season.

May 20, 2009, 8:58 a.m. EST
U.S. stock futures lean higher
By Steve Goldstein, MarketWatch
LONDON (MarketWatch) -- U.S. stock futures were leaning back in positive territory on Wednesday as the issue of financial-sector health is back in the spotlight after a big stock offering from Bank of America and ahead of testimony from Treasury Secretary Timothy Geithner.

S&P 500 futures rose 6.8 points to 913.30 and Nasdaq 100 futures rose 7 points to 1,401.00. Futures on the Dow Jones Industrial Average rose 52 points.

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