Last updated: September 06. 2013 8:40AM - 211 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) U.S. stock futures are higher ahead of the government's August unemployment report,which could have a big influence on whether the Federal Reserve starts to reduce its monthly bond purchases later this month.


The bond purchases are a key part of the Fed's economic stimulus program.


Dow Jones industrial futures are up 41 points at 14,958. S&P futures rose 5.25 points to 1,658.50. Nasdaq futures are up 12 points to 3,140.


Economists predict a gain of 177,000 jobs for August, up from 162,000 in July. The unemployment rate is expected to remain 7.4 percent.


The Federal Reserve meets Sept. 17-18, and many economists expect the Fed to decide then to slow its monthly bond purchases.


Associated Press
Comments
comments powered by Disqus


Featured Businesses


Poll



Mortgage Minute