Futures rising after a down week for the markets

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Associated Press

Posted on December 13, 2013 at 6:01 AM

Updated Friday, Dec 13 at 6:04 AM

NEW YORK (AP) — Stock futures are rising after a three-day funk in the markets that have begun to waver in anticipation of a drawdown of the Fed's generous monetary policies.

Dow Jones industrial futures are up 39 points to 15,721. S&P futures have gained a point to 1,768.60. Nasdaq futures are up 13.75 points to 3,468.75.

The major indexes are down almost 2 percent for the week, despite a host of positive reports on employment, housing, and even retail, which has struggled throughout the year.

Because the signs of an economic rebound have grown so pronounced, next week's meeting of the U.S. Federal Reserve is being factored into almost all investment decisions.

The Fed has been buying up $85 billion per month in bonds to keep markets fluid and interest rates low.

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