NEW YORK (AP) — Stock futures are rising as quarterly reports from U.S. corporations continue to surpass expectations.
The Federal Reserve will also release its monetary policy statement Wednesday. Economists believe the U.S. will maintain an $85 billion bond-buying program that has kept interest rates low, and markets flush with cash.
Dow Jones industrial futures are up 44 points to 15,660. S&P futures have gained 4.1 points to 1,771.50. Nasdaq futures are up 14.25 points to 3,398.25.
Chrysler is reporting a 22 percent jump in third-quarter profit and a healthy slate of films helped Comcast beat Wall Street expectations.
The Labor Department will release its consumer price index for September at 8:30 a.m. Eastern time. Economists expect consumer prices rose 0.2 percent, with the weak economy and slim pay increases keeping inflation in check.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Original headline: Futures rising on strong corporate performances
Most Popular Stories
- Prosecutor to Investigate Walmart Police Shooting
- Mark Sanchez Suddenly a Hot QB Commodity
- GM to Announce New Jobs in Tennessee
- Chrysler Gets Nod as a Top Employer for Hispanic Women
- Hispanic Entrepreneurs Set Pace in Florida
- Smith & Wesson Misses Target
- Emirates Hit Libyan Targets With Airstrikes
- Laid-off Workers Return to Their Fields
- Marco Rubio Warns Obama on Deportations
- Michael Brown Funeral: Can Americans Change the Script of Violence?