NEW YORK (TheStreet) -- Stock futures pointed to a higher open Monday after the prior week's swift selloff, as investors looked ahead to existing-home sales for December and a key earnings report from Apple(AAPL Quote), expected after the close.
Futures for the S&P 500 were higher by 9.5 points at 1100.5 and were 12.29 points above fair value. Futures for the Nasdaq were up by 8.5 points and were 13.13 points above fair value.
>>Value Stocks to Consider as Market Drops
U.S. indices finished sharply lower Friday, with the Dow showing its worst single-day performance since Oct. 30, as concerns about China's economic policy and President Obama's increased restrictions for banks weighed.
At 10 a.m. EST, the National Association of Realtors reports existing-home sales for December, which are projected to come in at 6 million. Economists are expecting a slight decline from November's surge at 6.54 million.
In earnings news, Ericsson(ERIC Quote) said fourth-quarter earnings plummeted 82% as consumers reduced spending, and Phillips(PHG Quote) swung to a fourth-quarter profit.
Ahead of the closing bell, the market's attention will be trained on Apple, which is expected to announce first-quarter earnings of $2.07 a share.
Texas Instruments(TXN Quote) also reports late Monday. Earnings are expected to come in at 49 cents a share.
Crude oil for March delivery was trading 28 cents higher at $74.82 a barrel. The most actively traded February gold contract was ahead by $10.30 at $1,100 an ounce.
The benchmark 10-year Treasury note shed 9/32, lifting the yield to 3.634%.
