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Stock Futures Jump After Fed Unveils $600 Billion in Easing

Thursday, 04 Nov 2010 09:01 AM

Stock futures are rising sharply the day after the Federal Reserve announced a $600 billion plan to stimulate the economy.

Key stock market indicators are each up more than 0.8 percent ahead of Thursday's opening. The Fed announced Wednesday afternoon that it would buy Treasury bonds in an effort to spur spending.

The Labor Department announced that new jobless claims rose to 457,000. Analysts had expected a smaller rise of 443,000.

Shares traded overseas are rising. The Stoxx 50 index in Europe is up 1.5 percent, while the Shanghai Composite index gained 1.8 percent.

Dow Jones industrial average futures are up 84, or 0.8 percent, to 11,261. S&P 500 futures are up 9, or 0.8 percent, to 1,198, while Nasdaq 100 futures are up 18, or 0.8 percent, to 2,182.

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Stock futures are rising sharply the day after the Federal Reserve announced a $600 billion plan to stimulate the economy.Key stock market indicators are each up more than 0.8 percent ahead of Thursday's opening. The Fed announced Wednesday afternoon that it would buy...
US,Wall,Street
130
2010-01-04
Thursday, 04 Nov 2010 09:01 AM
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