Quantcast


Last updated: February 20. 2013 3:56AM - 77 Views

Story Tools:

Font Size:

Social Media:
44f695ebe92f4aa79cbbfd62e0a15ffd.jpg



(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
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com