Stock index futures rose on Monday after CIT Group Inc clinched a deal that could avoid bankruptcy, removing some uncertainty as the financial sector recovers from a deep crisis.
* CIT shares more than doubled in premarket trading to $1.44.
* White House Budget Director Peter Orszag said Sunday that second-quarter U.S. gross domestic product data is likely to be better than first-quarter levels, showing some signs of improvement in the economy.
* S&P 500 futures rose 6.2 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures were up 59 points, and Nasdaq 100 futures added 9.25 points.
* Companies reporting quarterly scorecards on Monday include Texas Instruments Inc
* Human Genome Sciences Inc
* Shares of Goldman Sachs Group Inc
* Crude futures rose 2 percent, extending 2.5 percent gains on Friday, bolstered by a rally in Asian stocks and A fall in the dollar on hopes of a global economic recovery.
* U.S. stocks closed out their best week in four months on Friday on a flat note as strong earnings from IBM
(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)