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US stock futures rise as commodities rebound

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[September 22, 2009]  NEW YORK (AP) -- The U.S. stock market is heading for a higher opening as markets around the globe bounce back from the previous day's sell-off.

Stocks in Asia rose overnight, while all major European indexes gained in morning trading there. Commodities like oil and gold rebounded as well, while the dollar lost ground against other major currencies.

Investors appear to be adhering to a well established trend: For weeks, any dips in stocks have been moderate and short-lived.

The market on Tuesday will be looking for more signals from the government as the Federal Reserve begins a two-day rate-setting meeting.

Dow Jones industrial average futures are up 63 at 9,781. Standard & Poor's 500 index futures are up 7 at 1,068, while Nasdaq 100 index futures are up 11 at 1,739.

[Associated Press; By SARA LEPRO]

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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