U.S. stock futures soar on ‘cliff’ pact; ISM a
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MADRID (MarketWatch) — U.S. stock-market futures moved sharply higher Wednesday, as the first trading day of the year kicked off with welcome news of Washington lawmakers’ last-minute to avert the fiscal cliff.
Data on tap for Wednesday include a nationwide survey of manufacturers and the latest figures on construction spending.
Futures for the Dow Jones Industrial Average (CBE
JH3) jumped 192 points, or 1.5%, to 13,219. Those for the Standard & Poor’s 500 index (GLC:SPH3) rose 25.10, or 1.8%, to 1,445.20.
Futures for the Nasdaq 100 index (CME:NDH3) rose 52 points, or 2%, to 2,707.25.
Wall Street was expected to rally on the heels of similar activity overseas, with Europe and Asia stocks sharply higher after the House of Representatives voted late Tuesday to pass a bipartisan deal that averts the fiscal cliff of austerity measures. President Barack Obama says he’ll sign the bill into law.
http://www.marketwatch.com/story/us-stock-fut...beforebell
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