Stock index futures indicated a higher open for Wall Street, which would continue a rally that ran through last week. Investors appear to be focused on positive events, like OPEC’s decision to hold output steady instead of cutting production and an indication from Fed Chairman Ben Bernanke’s interview that the U.S. economy could emerge from the recession by the end of the year if the government succeeds in stabilizing the financial system.
On the economic front, industrial production data for February is to be released at 9:15 and is expected to have decreased by 1.2%, at a slower pace than January's 1.8 % fall. Producer price data will be released Tuesday along with housing starts and building permits. Wednesday brings the Consumer Price Index, the Fed’s committee statement, and the House Financial Services Committee will hold a hearing on AIG. Initial jobless claims and the Conference Board’s leading indicator index will be released Thursday.
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