Futures suggest a modestly higher start to trading. Overseas markets are seeing sharp gains. The major European bourses are posting gains of more than 3%. Japan's Nikkei gained 2.1%, and Hong Kong's Hang Seng surged 6.4%. Yahoo! (YHOO) was upgraded to Buy from Hold at Citigroup. JPMorgan reduced its earnings estimates on JPMorgan Merrill Lynch (MER), according to CNBC
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