Skip to main content
Advertising

Originally published September 18, 2013 at 5:44 AM | Page modified September 18, 2013 at 6:52 AM

  • Share:
           
  • Comments (0)
  • Print

Futures rising ahead of Fed's economic update

Stock futures rose for the fourth consecutive day ahead of the latest economic outlook from the Fed.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

NEW YORK —

Stock futures rose for the fourth consecutive day ahead of the latest economic outlook from the Fed.

Dow Jones industrial futures rose 7 points to 15,472. S&P futures gained 1.5 points to 1,699.80. Nasdaq futures added 8.50 points to 3,192.50.

The U.S. Federal Reserve on Wednesday may announce the first retreat in its massive bond-buying program which has flooded international markets with cash and kept interest rates low.

Most economists expect a pullback in bond purchases because the economy has exhibited consistent signs of a recovery, even though there are still millions of unemployed Americans.

That dynamic continues to play out.

The government earlier this month revised downward the number of jobs that were added in June and July. On Wednesday, the Commerce Department said that homebuilders sought permits for new projects at the fastest pace in five years. And ground was broken on more single-family homes than was seen in the past six months.

On the corporate front, Walgreen became the latest major employer to ditch its insurance coverage for workers, instead sending them shopping for their own.

It joins Sears and other major companies that are doing the same.

The nation's largest drugstore chain said Wednesday that it will start giving workers a contribution toward the cost of coverage and then send them to a private health insurance exchange where they will pick from as many as 25 plans.

Also on Wednesday, FedEx reported that its quarterly profit rose 7 percent.

News where, when and how you want it

Email Icon

Subscribe today!

Subscribe today!

Get four weeks of digital access for 99 cents

Advertising

Advertising


Advertising
The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►