Stock futures point to higher open to start week - WAOW - Newsline 9, Wausau News, Weather, Sports

Stock futures point to higher open to start week

Posted:

NEW YORK (AP) -- Stock futures are rising as investors try to recover some of the big losses that piled up in recent weeks following a string of disappointing economic reports.

The jump in futures Tuesday comes ahead of a report that is expected to show the service sector expanded last month, but not quite as fast as in May.

The services industry accounts for 80% of all employment, so growth in the sector could help assuage worries about high unemployment following Friday's disappointing government employment report.

Dow Jones industrial average futures are up 104, or 1.1%, at 9,700. Standard & Poor's 500 index futures are up 12.40, or 1.2%, at 1,026.70, while Nasdaq 100 index futures are up 26.75, or 1.6%, at 1,748.00.

Powered by Frankly