|
|
US stock futures up ahead of consumer finance data
In this June 22, 2011 photo, traders gather at the post of specialist Stephen D'Agostino, foreground second left, on the floor of the New York Stock Exchange. World markets were mixed Monday, June 27, as Greece's parliament began debating harsh new austerity measures that must pass for the country get its next batch of emergency financial aid.(AP Photo/Richard Drew, file)
U.S. stock futures are pointing to a slight rebound from last week's losses as traders await a report on American consumers' finances and monitor Europe's efforts to address its ongoing debt crisis.
The government will report at 8:30 a.m. Eastern on how much money consumers made and spent in May. Economists expect spending was roughly flat after rising 0.4 percent in April. Consumers account for 70 percent of economic activity.
In Europe, Greek lawmakers are debating austerity measures that must pass before the country can receive another bailout to avoid defaulting on its debts.
Dow Jones industrial average futures are up 22, or 0.2 percent, at 11,903. Standard & Poor's 500 futures are up 3, or 0.3 percent, at 1,267. Nasdaq 100 futures are up 8, or 0.3 percent, at 2,215.
(Copyright 2011 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
