Nov 2, 2009

U.S. Stock Futures Gain Before Manufacturing Data; Ford Rises

By Alexis Xydias and Sapna Maheshwari
Nov. 2 (Bloomberg) -- U.S. stock futures rose, indicating the Standard & Poor’s 500 Index may rebound from its biggest weekly drop since May, as Ford Motor Co. reported earnings that beat estimates and investors speculated that a report will show manufacturing expanded at the fastest rate in three years.

Ford rallied 8.6 percent in pre-market New York trading. Alcoa Inc., General Electric Co. and Procter & Gamble Co. gained. CIT Group Inc. tumbled after the 101-year-old commercial lender filed for bankruptcy.
Futures on the S&P 500 expiring in December added 0.5 percent to 1,038.50 at 8:46 a.m. in New York. Dow Jones Industrial Average futures gained 0.4 percent to 9,706 and Nasdaq-100 Index futures increased 0.2 percent to 1,669.5.(Read more...)
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