U.S. Stock-Index Futures Rise, Indicate S&P 500 Will AdvanceNamitha Jagadeesh
U.S. stock-index futures rose, signaling the Standard & Poor’s 500 Index will climb after ending a three-day losing streak.
S&P 500 E-mini contracts expiring in June gained 0.2 percent to 2,084.5 at 8:29 a.m. in London. The underlying gauge rose less than 0.1 percent yesterday as banks rallied and airline shares fell. Dow Jones Industrial Average futures added 29 points, also 0.2 percent, to 17,996.
Reports on retail sales and jobless claims later this week may offer clues on whether the economic recovery is strong enough to withstand a Federal Reserve rate rise. Economists see an almost 40 percent chance that the central bank will delay the increase beyond September if labor gains weaken or inflation fails to move higher, a Bloomberg News survey showed.
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