U.S. Stocks Poised to Open Higher
COSTELLO: Good morning. Thank you so much for joining me. I'm Carol Costello, at 30 minutes past the hour. Stories we're watching right now in</s>THE NEWSROOM: As the opening bell rings on Wall Street, investors hope U.S. stocks will react positively to the big Cyprus bailout deal. Christine Romans is at the New York Stock Exchange. So, are things looking up?</s>CHRISTINE ROMANS, CNN BUSINESS CORRESPONDENT: Things are looking up. You got futures higher here. One of the reasons, Carol, is because Cyprus is a tiny, tiny economy, but this would be the fourth European bailout. The fact that at the 11th hour, it looks like disagreed to, it takes away an uncertainty for the market and the path of least resistance returns. And what is that path? Higher. This has been incredible year for stocks. This first quarter, anybody with a 401(k), anyone with stock market investment has seen fantastic returns. I mean, the S&P; 500 hasn't hit a record high, a new record high yet, but it's very, very close now. It could happen in the next couple of days. That's what the S&P; looks like over the past 12 months. The S&P; over the past year is up almost 12 percent. Just this year so far, it's up 9 percent. Carol, that's the kind of return -- if you had a return like that, it would be the envy of all of your friends. And for anybody who is just, you know, a plain vanilla stock market investor, they've had a very, very good run. We'll have the numbers coming here any moment, but it looks like banks are probably going to lead things higher. Watch the shares of BlackBerry. There was a downgrade of BlackBerry.