U.S. Stock Futures Rise After State of the Union Speech. AMERICAN BUSINESS LOVES OBAMA!!!
U.S. Stock Futures Rise After State of the Union Speech
By Adria Cimino & Leslie Picker - Feb 13, 2013 8:05 AM CT.
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will extend a five-year high, as President Barack Obama proposed spending on infrastructure and environmental projects in his State of the Union address.
General Electric Co. climbed 3 percent after agreeing to sell its remaining stake in NBC Universal to Comcast Corp. for $16.7 billion. Comcast, the largest U.S. cable company, jumped 7.8 percent. Western Union Co. slid 2.4 percent after forecasting continued revenue declines in 2013.
S&P 500 futures expiring in March added 0.2 percent to 1,519 at 9:04 a.m. in New York. Dow Jones Industrial Average futures climbed 12 points, or 0.1 percent, to 13,985. Both measures closed at the highest level since 2007 yesterday.
AMERICAN BUSINESS LOVES OBAMA!!!