Futures rising ahead of Fed's 2-day policy meeting

US stock futures rising as Fed prepares for policy meeting; NAHB posts June housing index

Associated Press
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FILE - In this Jan. 7, 2012 file photo, Federal Reserve Board Chairman Ben Bernanke testifies on Capitol Hill in Washington, before the Senate Budget Committee. The financial world looks to Bernanke the Week of June 17, 2013, to clarify the Fed’s timetable on economic stimulus. ( AP Photo/Alex Brandon, File)

NEW YORK (AP) -- U.S. stock futures are rising sharply ahead of this week's two-day policy meeting of the U.S. Federal Reserve.

Dow Jones futures are up 124 points to 15,112. S&P futures have added 14.3 points to 1,632.70. Nasdaq futures are up 29 points to 2,966.

Markets have been roiled by uncertainty for several weeks regarding the Fed's commitment to a massive bond-buying program that has kept interest rates low and money flowing in domestic and global markets.

The consensus appears to be that while those programs will end, it will be some time before they do, and that it will happen when the economy in better shape. The Fed wraps up its meeting Wednesday.

The National Association of Home Builders releases its housing market index for June on Monday.

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