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Stocks poised for a fall
Investors remain cautious after recent rally, awaiting banks' plans for raising capital.

June 8, 2009: 5:50 AM ET


LONDON (CNNMoney.com) -- U.S. stocks were set to tumble at Monday's open as Treasury yields climbed and investors expressed anxiety about the economic outlook.

At 5:50 a.m. ET, Dow Jones industrial average and S&P 500 futures were slightly higher and Nasdaq 100 futures were slightly lower.

Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins in New York.

Bonds: The yield on the benchmark 10-year Treasury note rose to a seven-month high.

Rising bond yields have rattled investors lately, as there are concerns that higher costs of borrowing will derail the economic recovery.

Banks: The 10 banks that the government instructed to raise additional funds as a result of "stress tests" must submit detailed plans Monday.

The banks have managed to raise a substantial portion of the collective $75 billion, with Bank of America (BAC, Fortune 500) and Morgan Stanley (MS, Fortune 500) among the banks that have already met or exceeded the requirements.

Autos: Chrysler is expected to exit bankruptcy Monday afternoon, unless the Supreme Court intervenes and grants a stay in the sale of the automaker's assets to Fiat.

Airlines: The airline industry's global trade group said that losses for the industry could reach $9 billion this year.

Companies: Mutual fund giant Fidelity and private equity firm KKR announced a plan that will give Fidelity customers access to initial public offerings of KKR firms.

World markets: Stocks in Japan climbed to their highest level in eight months. But in Europe, markets were lower in morning trading.