NEW YORK (AP) — Stock futures are rising ahead of what are expected to be some strong sales numbers for retailers, as well as signs of increased confidence from U.S. businesses.
Shares of J.C. Penney are up more than 2 percent before the opening bell after the retailer announced the resignation from the board of Pershing Square's Bill Ackman, a huge stakeholder who has clashed with other directors.
Dow Jones industrial futures are up 40 points to 15,427. S&P futures have added 3.5 points to 1,690.60. Nasdaq futures are up 6.75 points to 3,130.75.
On Tuesday, the Commerce Department is expected to report that Americans in July ramped up their spending. That's crucial for an economic recovery. The department is also expected to report that businesses are building stockpiles in response to stronger sales.
Created: Tue, 13 Aug 2013 08:14:43 EST
Updated: Tue, 13 Aug 2013 08:14:43 EST