By CNNMoney.com staffOctober 1, 2010: 4:55 AM ET
LONDON (CNNMoney.com) -- U.S. stocks were headed for a higher start Friday as investors expressed optimism at the start of a new month and quarter.
Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures all were higher ahead of the opening bell. Futures measure current index values against perceived future performance.
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Friday is the first trading day in October. It also marks the beginning of the fourth quarter.
U.S. stocks are coming off their best September performance in 71 years. Despite a topsy turvy month, the Dow and S&P 500 posted their biggest September gains since 1939.
Economy: A report on personal income and spending comes out at 8:30 a.m. ET. After U.S. markets open, investors will also take in readings on nationwide manufacturing activity and auto sales.
Companies: HP (HPQ, Fortune 500) named Leo Apotheker as its new president and CEO late Thursday. Apotheker previously held top roles at SAP (SAP), including a brief stint as CEO.
0:00 /1:05September's winners and losers
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World markets: European shares rallied in morning trading. Britain's FTSE 100, France's CAC 40 and Germany's DAX were all up about 0.8% in the early going.
Asian markets mostly finished the day higher. The Shanghai Composite soared 1.7% while Japan's Nikkei rose 0.4%. The Hang Seng in Hong Kong edged lower.
Currencies and commodities: The dollar fell against the euro, the Japanese yen and the British pound.
Gold futures for December delivery added $3.10 to $1,312.70 an ounce.
LONDON (CNNMoney.com) -- U.S. stocks were headed for a higher start Friday as investors expressed optimism at the start of a new month and quarter.
Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures all were higher ahead of the opening bell. Futures measure current index values against perceived future performance.
0
Friday is the first trading day in October. It also marks the beginning of the fourth quarter.
U.S. stocks are coming off their best September performance in 71 years. Despite a topsy turvy month, the Dow and S&P 500 posted their biggest September gains since 1939.
Economy: A report on personal income and spending comes out at 8:30 a.m. ET. After U.S. markets open, investors will also take in readings on nationwide manufacturing activity and auto sales.
Companies: HP (HPQ, Fortune 500) named Leo Apotheker as its new president and CEO late Thursday. Apotheker previously held top roles at SAP (SAP), including a brief stint as CEO.
0:00 /1:05September's winners and losers
vidConfig.push({videoArray: ["/video/markets/2010/09/30/mkts_q3_results.cnnmoney.json"], collapsed:false});
World markets: European shares rallied in morning trading. Britain's FTSE 100, France's CAC 40 and Germany's DAX were all up about 0.8% in the early going.
Asian markets mostly finished the day higher. The Shanghai Composite soared 1.7% while Japan's Nikkei rose 0.4%. The Hang Seng in Hong Kong edged lower.
Currencies and commodities: The dollar fell against the euro, the Japanese yen and the British pound.
Gold futures for December delivery added $3.10 to $1,312.70 an ounce.
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