The Market On Monday

Welcome to March. Soon we will be getting even more hints of Spring. Up here the word is snow but the temperatures are staying in the 32 degree area, so the roads are clear as a bell.

At 7:30 a.m. futures are slightly up. The price of oil is up over $80 per barrel. This is about as high as oil has been in a while.

Investors will be parsing data on personal income and spending, construction spending, and manufacturing, all of which comes out today.

There is some movement in Europe on resolving Greece's insolvency issues.

At the moment the coast is clear.

CNN: Stocks headed for a rally

At 8:30 a.m. ET, the U.S. Census Bureau will release its monthly report on personal income and spending.


The price of oil rose 63 cents per barrel to $80.29

Reuters: Talk of Greek plan, copper lift world stocks

"Mining stocks are up on the back of the earthquake in Chile, and it seems as though there's a move toward a solution in the Greek situation, so there's a slightly more optimistic mood all around..."