U.S. stock-index futures rose, indicating equities will rebound from their worst two-day drop in three months.
Apple Inc. advanced 1.6 percent in premarket trading after settling a legal dispute with Ericsson AB. Walt Disney Co. gained 1.9 percent after the latest “Star Wars” film posted record weekend sales.
Standard & Poor’s 500 Index futures expiring in March rose 1 percent to 2,012 at 10:45 a.m. in London. The gauge slid to a two-month low on Friday amid concern over global growth after the Federal Reserve’s first rate increase since 2006. It extended a drop in the final minutes of trading because of a quarterly event in which futures and options on stocks and indexes expire. Dow Jones Industrial Average contracts added 153 points to 17,170 today.
The S&P 500 has fallen 3.6 percent in December, bucking the historical seasonal trend of gains, and is on track for its biggest annual drop since the 2008 financial crisis. It rebounded as much as 13 percent from an August low through November, before giving up 4.9 percent through last week.
Data later this week on home sales, durable-goods orders and personal income will offer cues on the health of the world’s biggest economy. U.S. equity markets will close early on Dec. 24 and reopen on Dec. 28.
Source : Bloomberg