Stocks were poised to open higher as global markets rebounded, helped by retreating fears over Dubai World’s debt restructuring plans.
It will be a busy day for economic news, starting with three reports at 10:00 am ET. The ISM Manufacturing Index is expected to have fallen to 55 from 57 in October. Construction spending for October is expected to have fallen 0.5% after rising 0.8% in September, and the pending home sales index for October is expected to have fallen 1% after rising 6.1% in the previous month. Reports on November auto and truck sales are due later this afternoon.
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