U.S. Stock Futures Head Higher as Economists See Growth Ahead

NEW YORK -- Stock futures are rising with a new survey suggesting that economists are a bit more optimistic about housing and employment.

Dow Jones industrial average futures are up 64 points at 12,399. Standard & Poor's 500 index futures are up 7.7 points to 1,298.5. Nasdaq composite index futures are up 16 points to 2,484.25.

The National Association for Business Economists released a report Monday that showed its forecasters expect modest growth for the remainder of the year, with the pace picking up in 2013.

However, economists are hedging somewhat. The 54 who took part in the survey say consumer spending, business investment and gross domestic product will remain below historic norms.

Shares of Lowe's Cos. are tumbling in premarket trading on a tepid outlook for the home improvement retailer. Facebook Inc. shares are also falling in premarket dealings.

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tmoschetti

Are these perhaps different from the ones that have been consistenly DEAD WRONG for three years now, and why ALMOST EVERY economic report is first adjusted a week later, then still prefixed with the term, "UNEXPECTEDLY!"

This has become a standing joke.

May 21 2012 at 1:14 PM Report abuse rate up rate down Reply
vobox3343

Oh, no! says the obstructionists. Our distoritons aren't sticking.

May 21 2012 at 12:47 PM Report abuse rate up rate down Reply
gstev75035

More economists hired by Obummer to say these things....just keep the bandaid on the economy till after the election.

May 21 2012 at 12:28 PM Report abuse +2 rate up rate down Reply
1 reply to gstev75035's comment
vobox3343

So it appears being positive is the key. Then Republicans might want to try it if they're concerned about America and her citizens. But then again, it's never about what's good for the people, is it? Party and power over the people - what a concept.

May 21 2012 at 12:51 PM Report abuse rate up rate down Reply
sasha

C'mon dontcha know that any positive story is a lie and any negative one is the truth? And that Greece and Spain completely control the economy of the world? get with the plan, for God's sake.

May 21 2012 at 12:05 PM Report abuse +1 rate up rate down Reply
kolblh

The Wall Street Wizzards are predicting, blah, blah, blah. One thing for sure, they talk a good game.

May 21 2012 at 11:49 AM Report abuse +1 rate up rate down Reply
tenbarb

facebook stock seems like a dud.........bd

May 21 2012 at 11:39 AM Report abuse +1 rate up rate down Reply
George

what a joke huff & puff is!! ws let it fall almost 1k and some moron sitting way up on a floor in a ws building wants you to believe there is growth in your future. more left wing media hype! our muslim socialist leader does not care about the unemployed since he has never held a true working class paying job. a black who doesn't work is usually a welfare rider but then our muslim socialist leader hasn't worked during the past 3 1/2 yrs unless you can call campaigning on the tax payers $$ work!!! lol

May 21 2012 at 11:23 AM Report abuse +2 rate up rate down Reply
3 replies to George's comment
magicaldvcresales

america will start recovering from all the damage n devastation this muslim clown caused our nation in the past 3 1/2 years in our "correction election" 2012 n move forward as a once again great nation. ! ! ! "thank god theirs only 5 months of this muslim clowns crap left." ! !

May 21 2012 at 10:54 AM Report abuse +2 rate up rate down Reply
2 replies to magicaldvcresales's comment
sasha

And I reply to you that that Christian george W Bush allowed our country to be attacked and over 3000 died. In Rome he would be missing a head for that blunder.

May 21 2012 at 12:11 PM Report abuse -1 rate up rate down Reply
ChisnaAlaska

The recession is ALL his fault. Just like the recession was ALL Reagans fault.
By the way magic..... Why do you think they call it a recession ?

May 21 2012 at 12:21 PM Report abuse rate up rate down Reply
joey

once again ass coiated press what meth are you on...and once Nobama is gone...the economy will start up..the market will shine...so start telling the truth...

May 21 2012 at 9:56 AM Report abuse -1 rate up rate down Reply
sr25fullauto

Gee....ya think? The dow goes from 13,000 down to 12,399 and the "experts" predict that futures are going higher. Of course they are going to go higher ya morons..

May 21 2012 at 9:51 AM Report abuse rate up rate down Reply