U.S. stocks were poised to open with gains Monday in the midst of a continuing government shutdown, the Associated Press reports.
Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq climbed 0.3%, 0.3% and 0.7%, respectively, before the bell.
Fifth Third Bancorp shares lost 4.7% after the regional bank announced plans to buy Comerica for $10.9 billion in an all-stock deal that will create the ninth largest U.S. bank.
Comerica shares rose 10.9% in the premarket.
Advanced Micro Devices soared more than 27% after the semiconductor company announced that it will supply its chips to ChatGPT maker OpenAI as part of a deal to team up on artificial intelligence infrastructure.
The shutdown of the U.S. government means fewer economic data releases this week, though markets will have some earnings reports to sift through, including Delta Air Lines, PepsiCo and Levi Strauss.
In energy trading, U.S. benchmark crude oil gained 51 cents to $61.39 per barrel. Brent crude, the international standard, added 59 cents to $65.12 per barrel.
