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Stock futures rise, point to higher opening

Thu Mar 18, 2010 6:44 AM EDT
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Stephen Bernard, AP Business Writer
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<p>A trader watches a TV screen on the floor of the New York Stock Exchange in New York, Tuesday, March 16, 2010. Stocks held on to modest gains Tuesday after the Federal Reserve gave a mildly more upbeat view of the economy. The Fed, which also said it will keep interest rates low for "an extended period," said businesses are spending "significantly" more on equipment and software. The Fed also gave a marginally more upbeat assessment of the job market, though it said employers remain reluctant to hire.(AP Photo/Seth Wenig)</p>

A trader watches a TV screen on the floor of the New York Stock Exchange in New York, Tuesday, March 16, 2010. Stocks held on to modest gains Tuesday after the Federal Reserve gave a mildly more upbeat view of the economy. The Fed, which also said it will keep interest rates low for "an extended period," said businesses are spending "significantly" more on equipment and software. The Fed also gave a marginally more upbeat assessment of the job market, though it said employers remain reluctant to hire.(AP Photo/Seth Wenig)

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NEW YORK — Stock futures are rising as the market appears set to resume its steady climb higher.

The rise in futures Thursday comes as economists expect a new report from the Labor Department to show initial claims for unemployment benefits fell for the fourth straight week.

Investors appear to be quickly brushing off new worries about European sovereign debt problems and weakness in the housing market that sent stocks lower Wednesday.

Overseas markets mostly rose a day after Portugal's debt was downgraded.

Dow Jones industrial average futures are up 24, or 0.2 percent, at 10,811. Standard & Poor's 500 index futures are up 3.10, or 0.3 percent, at 1,167.70, while Nasdaq 100 index futures are up 6.50, or 0.3 percent, at 1,958.00.

© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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