Investing.com - Here are the top five things you need to know this morning, Monday, September 21:
1. Wall Street points to modestly higher open
U.S. stock futures pointed to modest gains at the open on Monday, as markets attempt to recover from sharp losses the previous session.
During early morning hours in New York, the blue-chip Dow futures rose 9 points, or 0.09%, the S&P 500 futures inched up 2 points, or 0.1%, while the Nasdaq 100 futures tacked on 4 points, or 0.09%.
On Friday, the Dow lost 290 points after the Federal Reserve’s downbeat assessment of the global economy hurt investor sentiment.
2. U.S. existing home sales report
The National Association of Realtors is to release data on existing home sales for August at 10:00AM Eastern time, amid expectations for a drop of 1.3% to 5.52 million units after rising 2.0% a month earlier to 5.59 million.
3. Greek voters give Tsipras a second chance
Prime Minister-elect Alexis Tsipras was set to form a new government in Greece after his left-wing Syriza party won a second general election in less than nine months on Sunday.
Tsipras gathered around 35% of the vote, while New Democracy's Vangelis Meimarakis received 28%.
4. Apple's App Store suffers first 'big hack attack'
Apple (NASDAQ:AAPL) said on Sunday it is cleaning up its App Store to remove malicious iPhone and iPad programs identified in the first large-scale attack on the popular mobile software outlet.
The company disclosed the effort after several cyber security firms reported finding a malicious program dubbed XcodeGhost that was embedded in hundreds of legitimate apps.
It is the first reported case of large numbers of malicious software programs making their way past Apple's stringent app review process.
5. Volkswagen shares plunge on U.S. emissions scandal
Shares in German automaker Volkswagen plunged the most in almost six years on Monday after U.S. authorities accused the carmaker of falsifying emissions data, which means it could face penalties of up to $18 billion.
Volkswagen (XETRA:VOWG) shares sank 19.6% to €129.75, the biggest one-day drop since November 2009.