U.S. stock futures pointed to opening gains after an extraordinary weekend in which the White House moved to rescue beleaguered mortgage giants Fannie Mae and Freddie Mac and Anheuser-Busch recommended a $52 billion buyout offer.
S&P 500 futures rose 11.2 points to 1,251.00 and Nasdaq 100 futures rose 16.25 points to 1,836.50. Dow industrial futures rose 77 points.
U.S. stocks dropped on Friday on worries about the health of Fannie Mae and Freddie Mac, with the Dow industrials falling 128 points, the Nasdaq Composite losing 18 points and the S&P 500 dropping 13 points.
But the U.S. government announced a dramatic package over the weekend: the Federal Reserve will open up its emergency discount window to Fannie and Freddie - the pair own or guarantee $5.2 billion in U.S. home mortgages -- while Treasury said it will seek Congressional approval to buy stock and increase the government's credit line.
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