US futures rise as latest unemployment claims fall

US stock futures move higher ahead of holiday break, new unemployment claims fall

Associated Press
US futures rise as latest unemployment claims fall
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Joseph Mastrolia, left, a trader with Barclays, and Chris Casaliggi, Euronext floor manager, begin early trading on the floor of the New York Stock Exchange on Tuesday, Nov. 20, 2012. (AP Photo/Bebeto Matthews)

NEW YORK (AP) -- Stock futures are rising on stronger jobs numbers and an aggressive outlook from Deere & Co., which reported its profit rose nearly 3 percent in the fourth quarter.

Dow Jones industrial futures are up 7 points to 12,766. The broader S&P futures have added 1.3 points to 1,387.60. Nasdaq futures are up 2.5 points to 2,596.25.

Markets may ignore Wednesday's figures from the Labor Department because the massive storm that struck the East Coast in late October has distorted figures.

The number of people seeking unemployment benefits fell sharply to a seasonally adjusted 410,000 last week.

Applications dropped 41,000 from the previous week, when the storm drove applications to their highest level in 18 months. The four week average, a less volatile measure, rose 9,500 to 396,250.

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