Posted On: 09/02/2013 7:43:45 PM
Post# of 102790
Stock futures jump on upbeat PMI data
LONDON (MarketWatch) — U.S. stock futures rose sharply on Monday, tracking most Asian and European stocks higher after a round of upbeat PMI readings from China and Europe. Both the official and HSBC’s manufacturing PMIs for China showed an improvement in August, while the PMI readings for Germany, the combined euro zone and the U.K. all rose for the month. Futures for the Dow Jones Industrial Average (CBE
JU3) jumped 100 points, or 0.7%, to 14,895. Those for the S&P 500 index (GLC:SPU3) added 13.90 points, or 0.9%, to 1,645.20, while futures for the Nasdaq 100 index (GLC:NDU3) picked up 30.75 points, or 1%, to 3,104.25. Regular U.S. markets were closed for trading on Monday for the Labor Day holiday. Both gold and oil prices were on the decline.
LONDON (MarketWatch) — U.S. stock futures rose sharply on Monday, tracking most Asian and European stocks higher after a round of upbeat PMI readings from China and Europe. Both the official and HSBC’s manufacturing PMIs for China showed an improvement in August, while the PMI readings for Germany, the combined euro zone and the U.K. all rose for the month. Futures for the Dow Jones Industrial Average (CBE
JU3) jumped 100 points, or 0.7%, to 14,895. Those for the S&P 500 index (GLC:SPU3) added 13.90 points, or 0.9%, to 1,645.20, while futures for the Nasdaq 100 index (GLC:NDU3) picked up 30.75 points, or 1%, to 3,104.25. Regular U.S. markets were closed for trading on Monday for the Labor Day holiday. Both gold and oil prices were on the decline.
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