Stock futures point to higher opening

[February 01, 2010]  SHANGHAI (AP) -- Stock futures are rising, pointing to a higher opening after gains in markets overseas and ahead of the White House's release of its new budget proposal.

A handful of economic reports, including personal income data, are also expected to be released later Monday to provide more clues on a recovering economy.

Meanwhile, Toyota is revealing its plans to fix gas pedals in more than 2 million vehicles being recalled in the U.S. The pedals can get stuck or are slow to return when released, increasing the risk of a crash.

Dow Jones industrial average futures are up 52, or 0.5 percent, at 10,069. Standard & Poor's 500 index futures are up 5.60, or 0.5 percent, at 1,076.00, while Nasdaq 100 index futures are up 8.00, or 0.5 percent, at 1,747.25.

[Associated Press; By IEVA M. AUGSTUMS]

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