US stocks set to rise after Dow falls below 12,000

June 13, 2011 5:56:29 AM PDT
Stocks are set for a modestly higher opening after the Dow Jones industrial average fell below 12,000 for the first time since March last week.[CHECK THE MARKETS: Get the latest numbers from Wall Street]

Weak economic news has sent stocks lower for six straight weeks. Investors are worried about a dismal housing market, a slowing manufacturing industry and a sluggish jobs market. The S&P 500 is down 6 percent in June.

No economic reports are due out Monday. Still, Dow Jones industrial average futures are up 30, or 0.3 percent, at 11,903. Standard & Poor's 500 futures are up 3, or 0.3 percent, at 1,267. Nasdaq 100 futures are up 3, or 0.1 percent, at 2,221.

Wendy's/Arby's Group Inc. is up 7 percent in pre-market trading after the company said it would sell control of its Arby's business to a private equity group.