Ahead of the market opening Dow Jones industrial futures were up 0.3%, Standard & Poor's 500 index futures were up 0.3% and Nasdaq futures were up 0.4%.
BLACKBERRY: Buyout falls through, CEO out
Once mighty tech icon BlackBerry will scrap a planned buyout deal with Fairfax that would have valued the company at $4.7 billion, and will instead raise $1 billion in new funds. BlackBerry CEO Thorsten Heins will also leave the company.
BlackBerry futures were hammered by the news, plunging 18% or more ahead of the market open.
On Friday, the Dow Jones industrial average closed up 0.5%. The Standard & Poor's 500 index finished up 0.3% and the tech-laden Nasdaq composite index rallied in the final few minutes of trading and ended up 0.1%.
FRIDAY: Stocks end higher after good news on factory front
The U.S. is due to release its October employment report on Friday, which is likely to show weaker hiring due to the impact of the government shutdown, according to Chris Weston, chief market strategist at IG in Melbourne, Australia.
Crude oil futures were up 0.3% after losing ground on Friday.
Hong Kong's Hang Seng index finished down 0.3% at 23,189.62, while China's Shanghai Composite edged up 0.1% at 2,149.63. Japan's stock market was closed for a holiday.
European markets moved higher on hopes that the European Central Bank will cut its key interest rate at a meeting Thursday.
Contributing: Associated Press
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