U.S. Markets open in 4 hrs 46 mins

News Summary: Factory output rebounds in November

The Associated Press

FACTORY OUTPUT: Production at U.S. factories rebounded 1.1 percent in November following a 0.7 percent drop in October. There were strong gains in the production of cars, equipment and appliances.

STORM IMPACT: The big swing in production primarily reflected the impact of Superstorm Sandy, which depressed output temporarily in October.

WEAK TRENDS: Analysts said that discounting the impact of the storm, the broader trend in manufacturing remains weak, reflecting the global slowdown and uncertainty among U.S. businesses over the outcome of federal budget talks.