NEW YORK —
Stock futures are moving higher ahead of an appearance by Federal Reserve Chairman Ben Bernanke on Capitol Hill, with many looking for hints of new stimulus measures for the economy.
Goldman Sachs is also reporting strong-than-expected second-quarter earnings.
Dow Jones industrial average futures are up 52 points to 12,700. Standard & Poor’s 500 futures have tacked on 6.9 points to 1,354.30 and Nasdaq futures are up 13.75 points to 2,585.25.
Bernanke will give his semiannual report to the Senate Banking Committee Tuesday. Some believe he may signal another round of bond purchases, after the first two sent markets soaring. He goes before Congress this time with the job market slumping and more evidence that both consumers and businesses are growing anxious about the economy.
National News
July 17, 2012
US futures rise as Bernanke heads to Capitol Hill
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Investigators 'zeroing in’ on Colo. wildfire start
Rain helped firefighters douse Colorado’s most destructive wildfire in state history, while a new wind-whipped blaze in California forced evacuations and threatened homes Monday near Yosemite National Park.
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