NEW YORK (CNNMoney.com) — U.S. stocks were poised to kick off the week with a rosy start Monday, as investors around the world took a more optimistic view of the economic outlook.
At 7 a.m. ET, Dow Jones industrial average (INDU), Nasdaq (COMP) and S&P 500 (SPX) futures were sharply higher.
Futures measure current index values against perceived future performance.
Global markets have been unsteady in recent weeks amid worries about Europe’s debt crisis and the prospect of a double-dip recession.
On Friday, U.S. stocks were headed for losses before turning higher in the afternoon. The late-session rally helped the blue-chip Dow post its first weekly gain in a month.