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Monday Morning Market Roundup: How's the Week Shaping Up?

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Here’s what’s happening:

Stocks:

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U.S. stock futures are rising on some promising economic data out of Asia.

Dow Jones industrial futures are up 36 points to 14,945. S&P futures have added 4.5 points to 1,658. Nasdaq futures are up 15.5 points to 3,145.

The U.S. trade deficit expanded in July, due in part to slowing growth in China and Japan's ongoing economic struggles.

On Monday, China reported that inflation eased in August, hinting at an economy on the mend. The deficit with China jumped to an all-time high of $30.1 billion in July, according to U.S. figures released last week.

Japan's economy expanded more rapidly than originally thought between April and June. The country's Cabinet Office said Monday that the economy expanded faster than estimated during the first quarter as well.

Oil:

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The price of oil fell Monday, edging off a two-year high as the likelihood of a U.S. attack against Syria appeared to diminish.

Benchmark oil for October delivery fell 22 cents to $110.31 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

On Friday, the contract rose $2.16 to close at $110.53 on the Nymex, the highest closing price since May 3, 2011. The sharp increase was driven by a disappointing U.S. jobs report and continuing worries about Syria's civil war.

Prices also dipped on the heels of a disappointing jobs report. The U.S. government said Friday that employers added 169,000 jobs in August, below expectations. On top of that, July's figure was corrected downward from an earlier estimate of 162,000 jobs to 104,000 jobs, the fewest in over a year.

Brent, the benchmark for international crudes, fell 33 cents to $115.79 per barrel on the ICE Futures exchange in London

Markets:

Company Ticker Last Change Pct Change
SPDR S&P 500 ETF SPY 166.04 0.08 0.05%
FACEBOOK CL A FB 43.95 1.29 3.02%
BANK OF AMERICA CORPORATION BAC 14.36 0.01 0.07%
MICROSOFT CP MSFT 31.15 0.08 0.27%
ISHARES MSCI EMERGING MARKETS ET EEM 39.98 0.57 1.46%
SIRIUS XM RADIO INC SIRI 3.75 0.05 1.32%
FORD MTR CO DEL F 17.00 0.30 1.73%
IPATH S&P 500 VIX SHORT-TERM FUT VXX 16.12 0.11 0.69%
NOKIA CORP NOK 5.37 0.12 2.19%
SELECT SECTOR SPDR-FINANCIAL XLF 19.80 0.00 0.00%

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Follow Becket Adams (@BecketAdams) on Twitter

The Associated Press contributed to this story.

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