Futures Contract Latest News: Wall Street Futures Get Bernanke Boost

Wochit 0:51 mins

U.S. stock futures are jumping after Federal Reserve Chairman Ben Bernanke said the central bank would keep supporting the economy. The price of oil extended gains above $103 a barrel after a stronger-than-expected jump in U.S. hiring suggested demand for fuels will increase. Stock index futures rose, putting the S&P 500 on track for its third straight advance in the wake of recent better-than-expected payrolls reports and ahead of the start of earnings season after the close. The benchmark S&P index rose 1 percent in the prior trading session on the strength of the jobs report. Dow component Alcoa Inc kicked off earnings season after the close.

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