Futures point turn higher after Target meets forecasts and reaffirms guidance, muting concerns on consumer spending. Bond yields and oil prices fall.

U.S. blue-chip stocks rose on Monday after reversing direction in the last hour of trade as the flight to safety into short-dated Treasury bills flagged, suggesting concerns over the stability of credit markets were receding. U.S. three-month Treasury bill yields fell earlier in the session in their biggest one-day drop since the stock market crash of 1987 as investors pulled more money out of risky investments and sheltered it in one of the safest parts of the Treasury market. Later, yields rose as that flight to safety receded. The Dow Jones industrial rose 42.27 points, or 0.32 percent, to end at 13,121.35. The Standard & Poor's 500 edged down 0.39 of a point, or 0.03 percent, to finish at 1,445.55. But the Nasdaq Composite gained 3.56 points, or 0.14 percent, to close at 2,508.59.