US Futures Up Ahead of Reports on Industry, Autos

December 3, 2012 - 9:33 AM

Fiscal cliff

In this Nov. 30, 2012, photo provided by CBS News Treasury Secretary Timothy Geithner answers questions about averting the "fiscal cliff" on an episode of “Face the Nation” on Sunday, Dec. 2, 2012 Geithner said Republicans have to stop using fuzzy “political math” and say how much they are willing to raise tax rates on the wealthiest 2 percent of Americans and then specify the spending cuts they want. (AP Photo/CBS News, Chris Usher)

NEW YORK (AP) — U.S. stock futures are rising ahead of reports on the manufacturing and auto industries.

Dow Jones industrial futures are up 43 points to 13,051. The broader S&P futures have added 5.6 points to 1,420. Nasdaq futures are up 15.5 points to 2,691.25.

November auto sales are likely to be the highest since March of 2008 when calculated on an annual basis, according to LMC Automotive, a Detroit-area industry consulting firm. Automakers report U.S. sales throughout the day on Monday.

And economists expect that U.S. manufacturing expanded in November, though at slower pace because of the effects of Superstorm Sandy.

The Institute for Supply Management releases its index at 10 a.m. Eastern.

Markets may remain fluid throughout the week because of the standoff over the U.S. budget.