Stock futures are indicating a higher start on Wall Street this morning, as U.S. markets aim to recover today from Friday's 1%+ selloff. Another busy week of earnings await investors, but this morning, another buyout deal helps sentiment.

On Friday, stocks sharply declined after Google and Caterpillar disappointed investors when reporting quarterly results (they were both pounded 5.2% and 4.4% respectively on Friday). The Dow shed 1.1% while the Nasdaq and the S&P 500 lost 1.2% each.

No economic news is scheduled for release today, but investors can expect more housing market data as well as economic growth release.

Overseas, Asian markets finished the day lower, while European markets are mixed.
The dollar recovered somewhat after hitting new lows against the euro.
While Treasuries weren't changed much with the 10-year note still under 5%, oil fell towards $77 a barrel after OPEC expressed concern over near record prices and said it was prepared to pump more crude if needed. U.S. crude traded around $75.35.

Corporate news:

In deal news, Cerberus Capital Management LP is acquiring United Rentals Inc. (NYSE: URI) for about $6.6 billion, including $2.6 billion in debt. Under the deal, United Rentals stockholders will receive $34.50 in cash per share, a premium of 6.6%.

Halliburton Co. (NYSE: HAL) reported a 19% increase in second-quarter profit from continuing operations, helped by new international contracts. Earnings climbed to $595 million, or 63 cents a diluted share, including a one-time after-tax gain of 3 cents. Excluding one-time items, analysts on average had expected the company to report a profit of 56 cents a share, according to Reuters Estimates.

Other earnings expected today include two Dow components American Express Co. (NYSE:AXP) and Merck & Co. (NYSE: MRK). Both companies are expected to report good results.