Last updated: August 16. 2013 8:38AM - 798 Views
Associated Press



Specialist Stephen Naughton works at his post on the floor of the New York Stock Exchange Thursday, Aug. 15, 2013. Warnings of weaker sales from two major companies and concern that the Federal Reserve could ease off its support for the economy sent the stock market spiraling lower Thursday. (AP Photo/Richard Drew)
Specialist Stephen Naughton works at his post on the floor of the New York Stock Exchange Thursday, Aug. 15, 2013. Warnings of weaker sales from two major companies and concern that the Federal Reserve could ease off its support for the economy sent the stock market spiraling lower Thursday. (AP Photo/Richard Drew)
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(AP) Stock futures are rising ahead of a new housing report that is expected to show an accelerated pace in home building.


Dow Jones industrial futures are up 19 points to 15,089. S&P futures have added 4.3 points to 1,660. Nasdaq futures are up 7 points to 3,078.


Economists believe that new construction rose 8 percent in July to a seasonally adjusted annual rate of 903,000.


The Commerce Department releases the report at 8:30 a.m. Eastern.


However, U.S. markets have been hammered this week by disconcerting reports from retailers. It's unlikely a rally Friday will put major indexes into positive territory for the week.


Wal-Mart, Macy's and Nordstrom all cut their outlooks for the year.


Next week is heavy with retail earnings, including J.C. Penney, Target, and the Gap.


Associated Press
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