US STOCKS-Futures point to modest gains at the open

lunes 2 de febrero de 2015 09:51 GYT
 

* Dow, S&P 500 coming off worst month since Jan 2014

* Oil rises more than 3 pct, building on Friday's gain

* Reads on manufacturing due after the market open

* Futures up: Dow 40 pts, S&P 4.5 pts, Nasdaq 5.25 pts (Adds Exxon results, economic data)

By Ryan Vlastelica

NEW YORK, Feb 2 (Reuters) - U.S. stock index futures pointed to slight gains at the open on Monday, suggesting a modest rebound following a decline last week, though a disappointing reading on consumer spending added to recent concerns over economic strength.

U.S. crude futures rose 0.9 percent after earlier jumping 4.8 percent, a rise that suggested the beaten-down commodity was in a strong uptrend following a jump of 8.3 percent on Friday. Oil remains down more than 50 percent from a recent high in June.

That decline has weighed on the energy sector. Exxon Mobil Corp on Monday reported a profit drop of 21 percent, though that decline was less than expected. Shares of the Dow component dipped slightly in premarket trading.

U.S. consumer spending recorded its biggest decline since late 2009 in December, with households appearing to save the extra cash from cheaper gasoline. The Commerce Department said consumer spending dropped 0.3 percent after a downwardly revised 0.5 percent increase in November. It was the largest drop since September 2009.   Continuación...