KBTX | Bryan & College Station, TX | Aggieland News

US Futures Rebound After Last Week's Sell-Off

By: Associated Press Email
By: Associated Press Email

Stock futures are rebounding after the worst week in more than four months, with economists expecting better news on retail sales and growing business confidence.

Dow Jones industrial futures are up 46 points to 13,291. The broader S&P futures have tacked on 6.9 points to 1,428.40. Nasdaq futures are up 17.25 points to 2,727.25.

Major indexes shed 2 percent last week as the U.S. earnings season opened with whimper. Companies ranging from Alcoa to Wells Fargo put up numbers that were hardly weak but still gave investors reason to pause.

Economists expect the Commerce Department to report Monday that retail sales increased in September thanks to solid demand for cars. The department is also releasing a report on business stockpiles, which analysts expect increased along with business confidence.


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