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US futures moving higher as budget talks proceed


February 19. 2013 7:39PM
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(AP) U.S. stock futures are moving higher on optimism over a deal on the U.S. budget ahead of a high-level meeting between the Treasury chief and Senate leaders.


Dow Jones industrial futures are up 72 points to 13,029. The broader S&P futures have added 8.3 points to 1,415.50. Nasdaq futures are up 19 points to 2,679.50.


U.S. Treasury Secretary Timothy Geithner is meeting with Senate Republican Leader Mitch McConnell and Senate Democratic Leader Harry Reid on Wednesday to push budget negotiations ahead.


Also, before the opening bell, the Labor Department reports weekly jobless claims and Commerce releases a revision of economic growth numbers between July and September.


Economists expect growth at a 2.8 percent annual economic growth rate, significantly better than the 2 percent rate initially estimated last month.


Associated Press


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