Futures rise ahead of trio of economic reports

Stock futures rising before US releases growth data; markets still jumpy over budget impasse

Associated Press
Encouraging news on jobs, retailers lifts stocks
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In this Wednesday, Sept. 25, 2013, photo, trader Robert McQuade works on the floor of the New York Stock Exchange. Worries about the U.S. economy and a looming budget battle in Washington kept global stock markets in check Thursday Sept. 26, 2013. (AP Photo/Richard Drew)

NEW YORK (AP) -- U.S. stock futures are rising before a trio of reports arrives on jobs, the housing market and economic growth.

U.S. markets have sold off for five consecutive days, rattled by the prospect of a government shutdown. Treasury Secretary Jacob Lew told Congress this week that the Treasury's ability to borrow funds will be exhausted on Oct. 17.

Dow Jones industrial futures are up 30 points to 15,240. S&P futures have gained 3.9 points to 1,689.70. Nasdaq futures are up 14.5 points to 3,214.50.

Economists expect the Commerce Department to revise higher the nation's growth rate in its final estimate for the second quarter.

The Labor Department posts weekly unemployment claims numbers and The National Association of Realtors' pending home sales index for August will be released at 10 a.m. Eastern.

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