Advertisement

You will be redirected to the page you want to view in  seconds.

Futures rising with lingering hope for budget deal

9:01 AM, Oct. 16, 2013  |  Comments
  • Filed Under

NEW YORK (AP) - U.S. stock futures are rising amid strong corporate earnings and lingering hope for an eleventh-hour deal that will head off a government default.

Hurried negotiations in the Senate may lead to a vote Wednesday, one day before Treasury Secretary Jacob Lew says the government will be forced to pay bills only with the remaining cash on hand and incoming tax receipts.

Dow Jones industrial futures are up 65 points to 15,160. S&P futures have gained 6.5 points to 1,698.50. Nasdaq futures are up 8 points to 3,248.75.

Strong earnings are also giving futures a boost.

Bank of America, PepsiCo and the toymaker Mattel all topped Wall Street expectations before Wednesday's opening bell.

Also Wednesday, the Federal Reserve issues the Beige Book, its anecdotal snapshot of business conditions around the nation.

More In FON

Should the Packers re-sign backup QB Matt Flynn?

Retrieving results.
No.(Your vote)
8%
262 votes
Yes, but for less than $1.5 million.(Your vote)
64%
1943 votes
Yes, for whatever it takes.(Your vote)
26%
791 votes

Catch up on the latest in our pregame show every game day.

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports

ORDER YOURS

Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports