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US Futures Edge Higher Ahead Of Jobs Report

NEW YORK (AP) â¿¿ U.S. stock futures are rising ahead of a government report that is expected to show fewer people applying for unemployment benefits last week.

Dow Jones industrial futures are up 32 points to 13,357. The broader S&P futures have added 4.4 points to 1,460.20. Nasdaq futures are up 7.75 points to 2,729.75.

Economists forecast that applications for unemployment dropped 7,000 last week to a seasonally adjusted 365,000, according to a survey by FactSet. The Labor Department releases its report at 8:30 a.m. EST.

Also on Thursday, the Commerce Department is expected to report that wholesale companies cut back on restocking in November because of weak sales. Some economists cite the showdown between the Congress and President Barack Obama over the budget.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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