Futures mixed after US default averted

US stock futures mixed after huge post-budget agreement rally; unemployment data on tap

Associated Press
US stock market reaches all-time high
.

View photo

Trader Gordon Charlop, center, works on the floor of the New York Stock Exchange Tuesday, Oct. 15, 2013. An eleventh hour agreement that averted a U.S. government debt default boosted Asian stock markets Thursday Oct. 17, 2013. European markets, which rallied the day before in anticipation of a deal, were down. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stock futures are mixed after huge rally that followed an eleventh-hour deal to avert a default on U.S. debt.

Dow Jones industrial futures are down 33 points to 15,216. S&P futures have lost 1.9 points to 1,711.30. Nasdaq futures are up a half point to 3,264.50.

The deal reached in Congress Wednesday only allows the Treasury to borrow money through Feb. 7.

The Labor Department is expected to issue a weekly unemployment benefits report Thursday.

Economists forecast that applications fell sharply last week to a seasonally adjusted 342,000, according to a survey by FactSet. That would be down from 374,000 the previous week.

It's also a big day for corporate earnings, with UnitedHealth, Goldman Sachs, Verizon, Chipotle and Google reporting.

View Comments (0)