Economy

Futures rising on strong corporate performances

NEW YORK (AP) — Stock futures are rising as quarterly reports from U.S. corporations continue to surpass expectations.

The Federal Reserve will also release its monetary policy statement Wednesday. Economists believe the U.S. will maintain an $85 billion bond-buying program that has kept interest rates low, and markets flush with cash.

Dow Jones industrial futures are up 44 points to 15,660. S&P futures have gained 4.1 points to 1,771.50. Nasdaq futures are up 14.25 points to 3,398.25. Chrysler is reporting a 22 percent jump in third-quarter profit and a healthy slate of films helped Comcast beat Wall Street expectations.

The Labor Department will release its consumer price index for September at 8:30 a.m. Eastern time. Economists expect consumer prices rose 0.2 percent, with the weak economy and slim pay increases keeping inflation in check.

Related Headlines

  • Peter Tuchman

    Dow drops after reports of sluggish US growth

    U.S. stocks are falling sharply in midday trading, pushing the Dow Jones industrial average down more than 200 points, as investors react to reports of sluggish growth in the ... 

  • Futures dip as US economy shows strength

    Stock futures slumped over apprehension that the U.S. would begin winding down its economic stimulus program after a surprisingly strong jobs report Friday. The Labor ... 

  • Peter Tuchman

    Stocks barely budge in quiet end-of-year trading

    The stock market ended a quiet Monday mostly where it began as investors shut their books for what has been an extraordinary year on Wall Street. Traders had little corporate ... 

  • Gregory Rowe

    An early gain fades on Wall Street

    An early surge on the stock market evaporated Friday, as health care stocks tugged major indexes down. Biotech companies were especially hard-hit after U.S. 

Find the best rates

Find your future job here