Comtex SmarTrend Opening Bell Comments -- March 8, 2010
U.S. stock futures are trading higher Monday as investors remain cautious after last weeks rally. Investors are looking towards economic reports later in the week that should provide insight into the health of the economy. In corporate news, AIG (NYSE:AIG) reached a deal to sell its Alico division to MetLife (NYSE:MET) for $15.5 billion. It is the second divestiture that AIG has made this month as it plans to streamline operations and repay government bailout funds. The Bank of New York Mellon (NYSE:BK) said Monday that it has agreed to acquire BHF Asset Servicing GmbH from BHF Bank AG and Sal. Oppenheim Jr. & Co. for $343 million (EUR253 million), subject to regulatory approvals. The Dow Jones Industrial Average (DJI) futures are trading 17.00 points above fair value, the S&P500 (INX) futures are trading 1.60 points above fair value, and the Nasdaq Composite (IXIC) futures are trading 1.75 points above fair value.