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 This material may not be published, broadcast, rewritten or redistributed.

More from Opinion

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Nasdaq Exec: Exchange Is 'All-In' on Using Blockchain Technology

Nasdaq Exec: Exchange Is 'All-In' on Using Blockchain Technology

It's Dumb to Think Legalizing Weed Is Still a Political Issue

It's Dumb to Think Legalizing Weed Is Still a Political Issue

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters