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Monday Morning Market Roundup: Here's How Things Are Shaping Up


Here’s what’s shaking:


Pakistani stockbrokers watch the index share price board during a trading session at the Karachi Stock Exchange (KSE) in Karachi on Sept. 19, 2013. The benchmark KSE-100 index was 23303. 65, increase 373.59 points in mid of the day's session. (AFP/Getty Images)

Stock futures are mixed in light trading with little scheduled in the way of corporate earnings or economic indicators.

Dow Jones industrial futures are down 5 points to 15,398. S&P futures have lost less than a point to 1,701.50. Nasdaq futures are up a point to 3,217.50.

There was some positive news out of China Monday as a manufacturing survey in the world's second largest economy found that activity rose to a six-month high in August.

Shares of BlackBerry are falling sharply, down 5 percent in premarket trading, after the smartphone maker acknowledged Friday that its latest phones had failed to revive the troubled brand.

The U.S. housing market will be in focus this week with Standard & Poor's/Case-Shiller home price index being released Tuesday, along with earnings from major builders.


Aerial view of the Centenario exploration oil rig, operated by Mexican company 'Grupo R' and working for Mexico's state-owned oil company PEMEX, in the Gulf of Mexico on August 30, 2013. The semisubmersible platform is able to drill to a depth of 10.000 meters in an enviroment such as the Gulf of Mexico. (AFP/Getty Images)

The price of oil rose Monday, recovering some of the ground lost in the prior week.

Benchmark oil for November delivery was up 26 cents to $105.01 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. That, however, was a small bounce back from Friday, when the now expired contract for October delivery dropped $1.72 to close at $104.67.

Last week, oil dropped $3.54, or 3.3 percent. There was a midweek blip, however, when prices shot up 2.5 percent on Wednesday following the U.S. Federal Reserve's decision to keep its economic stimulus policy in place.

Brent crude, the benchmark for international crudes used by many U.S. refineries, rose 12 cents to $109.34 a barrel on the ICE Futures exchange in London.



Follow Becket Adams (@BecketAdams) on Twitter

The Associated Press contributed to this article.


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