US Markets Poised for Modest Recovery At Open

U.S. stock index futures are pointing to a positive open, amid a period of increasing volatility following Fed chairman Ben Bernanke's comments about an eventual exit from accommodative monetary policy last week. The Dow has posted triple-digit moves in 9 of 10 sessions, and 12 out of 16 for the month of June, the most since November 2011.

It's a busy morning for economic numbers, beginning with the May durable goods report at 8:30am ET. Economists are looking for an increase of 3.2 percent following April's 3.5 percent rise.

At 9 a.m. ET, the Case-Shiller report on home prices will be out, with consensus forecasts calling for an 11.1 percent year-over-year increase for April for the report's 20-city index. In March, prices had registered a 10.9 percent year-over-year jump.

More housing data comes at 10 a.m. ET, with the government's new home sales report for May. That number is expected to be up 1.8 percent from April to an annual sales rate of 462,000 units. At the same time, the Conference Board's Consumer Confidence Index is seen falling to 75.5 for June from May's 76.2.

The Treasury will sell $35 billion in 2-year notes, with the results of that sale available shortly after 1 p.m. ET.

Homebuilder Lennar (LEN) is among the companies set to release corporate earnings this morning, along with cruise line operator Carnival (CCL), drug store chain operator Walgreen (WAG), and bookstore chain Barnes & Noble (BKS). Apollo Group (APOL) and Smith & Wesson (SWHC) are among the few scheduled to be out with numbers after today's closing bell.

Navistar (NAV) is among our stocks to watch this morning, following the news that chief financial officer Andrew Cederoth will be leaving at the end of the month. Treasurer James Moran will take over on an interim basis while the company finalizes the hiring of a new CFO.

Sonic Corp. (SONC) reported third quarter profit of $0.26 per share, in line with Wall Street estimates, but the restaurant chain's revenues fell short of consensus. Drive-in sales declined, although Sonic also reported lower costs.

Microsoft (MSFT) will offer its "Age of Empires" game for Apple's (AAPL) iPhone, as well as other phones. Microsoft has released a handful of other games for iOS and Android, but "Age of Empires" is its most popular game to be released for venues other than its Xbox console.

Men's Wearhouse (MW) founder George Zimmer was seen by the company's board as undermining the authority of CEO Doug Ewert, according to sources quoted by Reuters. Zimmer was terminated last week as the company's executive chairman.

A Tokyo court has upheld a lower court ruling in favor of Samsung in one of its cases versus Apple (AAPL). The lower court had ruled that Samsung did not infringe Apple's patent for synchronizing music and data across different devices.