Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.43 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.38 percent.
(REUTERS) Paris - North Korean leader Kim Jong-il died of a heart attack while on a train trip, state media reported on Monday, sparking immediate concern over who is in control of the reclusive state and its nuclear program.
Asian stocks dropped on the news, while European shares reversed early losses and edged higher in morning trade, halting a sharp 1-1/2 week sell-off, as investors bought up shares in sectors seen as defensive, such as Unilever (ULVR.L) and Telefonica (TEF.MC).
A tax break for 160 million U.S. workers was in doubt on Monday in the face of strong opposition from Republicans in the House of Representatives who have rejected a two-month extension overwhelmingly approved by the Senate over the weekend.
Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world's top companies, on Monday unveiled a $300 million stake purchase in fast-growing microblogging site Twitter, gaining another foothold in the global media industry.