Futures riding higher on recent economic data

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Associated Press

Posted on November 11, 2013 at 8:04 AM

Updated Monday, Nov 11 at 10:01 AM

NEW YORK (AP) — Stock futures are moving higher again following surprisingly robust government readings on U.S. economic growth and employment last week.

Investors this week will be looking for any evidence consumers are ready to start spending again before the holiday shopping season, with quarterly earnings reports from Macy's, Wal-Mart, Nordstrom and Kohl's on deck.

Dow Jones industrial futures are up 23 points to 15,723. S&P futures have gained 2.4 points to 1,768.50. Nasdaq futures are up 2 points to 3,362.50.

Bond markets are closed Monday for the Veterans Day holiday.

Macy's Inc. on Wednesday will be the first major retailer to put up quarterly numbers, followed by the others on Thursday. All of those reporting this week have cut their outlooks with consumers still dodgy about the economy.

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