Futures edge higher; S&P 500 positioned for record

US stock futures move higher ahead of jobs report with S&P 500 nearing record highs

Associated Press

NEW YORK (AP) -- U.S. stock futures are heading higher before a barrage of economic indicators from the government.

Dow Jones industrial futures are up 19 points to 14,417. The broader S&P futures, which have been nearing record highs, are up 2.9 points to 1,552.90. Nasdaq futures are up 6.25 points to 2,799.75.

The Labor Department releases its report on weekly unemployment claims Thursday. Economists expect the number of people applying for assistance rose, but not enough to indicate a slip in what has been steady hiring.

The government is also expected to reveal that expensive gasoline helped to drive up wholesale costs, though inflation is not yet a concern. The government also releases current account figures for the fourth quarter. A wider deficit is expected.

The reports are expected at 8:30 a.m. Eastern.

Rates

View Comments (0)