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US futures up on glimpse of manufacturing


February 20. 2013 3:56AM
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(AP) Stock futures headed higher Monday with investors getting a peek into the health of the U.S. manufacturing sector.


Dow Jones industrial futures rose 11 points to 13,823. The broader S&P futures added 2 points to 1,497.70. Nasdaq futures gained 3 points to 2,731.


The Commerce Department is expected to report that companies boosted orders for long-lasting manufactured goods as the year came to a close, a good sign for the economy heading into 2013.


Economists polled by FactSet expect that orders for durable goods rose 1.9 percent in December. The report will be released at 8:30 a.m. EST Monday.


It would be the third consecutive month that the private sector signaled more robust investment plans.


And Caterpillar beat Wall Street expectations when the purchase of a new purchase in China is discounted.


Shares of the manufacturer rose more than 2 percent in premarket trading.


Still, the company remains cautious about this year because the global economic picture remains clouded.


Associated Press


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