Business

Futures higher during year’s final days of trading

Posted December 26, 2012 6:32 am

Associated Press

NEW YORK — Stock futures are moving higher before the latest data is released on the housing market, one of the bright spots of the year with just a few trading days left.

Volume is extremely light Wednesday, because of the holidays and because markets are still seeking a resolution to the budget showdown in Washington.

Dow Jones industrial futures are up 20 points to 13,085. The broader S&P futures have added 2 points to 1,421.80. Nasdaq futures are up 3 points to 2,661.75.

Standard & Poor’s/Case-Shiller issues its 20-city home-price index for October at 9 a.m. Eastern. Prices rose in most major U.S. cities in September, more evidence of a housing recovery that’s providing a boost to the economy.

Still, another pillar of the economy, retail spending, is appearing weak this holiday.

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