U.S. Stock-Index Futures Advance After S&P 500’s Monthly Decline

U.S. stock-index futures advanced, indicating equities will rise, after the Standard & Poor’s 500 Index posted its biggest monthly decline in a year.

Contracts on the S&P 500 expiring in March gained 0.3 percent to 1,994 at 6:08 a.m. in New York. Dow Jones Industrial Average futures added 44 points, or 0.3 percent, to 17,141. The S&P 500 fell 2.8 percent last week, extending a monthly loss, as weaker-than-forecast economic growth outweighed a rally in energy shares and the highest consumer confidence reading in 11 years, amid continuing concern in Europe over the new Greek government’s challenge to an austerity program.

Among reports investors are watching to gauge the health of the U.S. economy is the Institute for Supply Management’s factory index. The gauge slipped to 54.5 in January from 55.1 in December, according to economist forecasts. Readings above 50 indicate expansion.

Source : Bloomberg


U.S. Stocks Advance After S&P 500’s Third Straight Annual Gain

U.S. stocks climbed, building on a year in which the Standard & Poor’s 500 Index surged to unprecedented highs and extended the bull market rally past 200 percent.

The S&P 500 added 0.6 percent to 2,070.49 at 9:33 a.m. in New York. The Dow Jones Industrial Average gained 95.20 points, or 0.5 percent, to 17,918.27.

The S&P 500 fell on the last two days of 2014, giving it a monthly decline of 0.4 percent for the first December drop since 2007. That trimmed its third straight annual gain to 11 percent.

The S&P 500, Dow and Russell 2000 Index climbed to records last month, while the Nasdaq Composite Index reached its highest level since March 2000. The S&P 500 closed at an all-time high on Dec. 29 for the 53rd time of the year, and the Dow reached 18,000 last week.

A report today will show that the Institute for Supply Management’s factory index slipped in December, economists forecast.

Source: VOA