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Market Commentary and Intraday News
US stock futures push higher as worries ease
265 days ago
(AP:NEW YORK) U.S. stock futures are rising, helped by expectations the People's Bank of China will soon take more steps to combat a slowdown in the world's No. 2 economy.
Dow futures are up 66 points at 13,411. The broader S&P 500 futures are up 7 points at 1,434. Nasdaq futures are up 11 points at 2,786.
Worries about a slowing Chinese economy have combined with unrest in Europe to pressure the market this month.
Later in the morning, investors will be watching U.S. reports on weekly unemployment claims, business orders for durable goods in August and a final estimate of gross domestic product for the April-to-June quarter.
Most European and Asian markets pushed higher. An exception was Spain's stock market, where worries that the government is losing control fed further declines.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
