Futures edge higher, following markets overseas

NEW YORK (AP) — Stock futures are following markets overseas slightly higher with major U.S. indexes hovering hear historic highs.

The habits of the American consumer will come into focus later on Tuesday. The Federal Reserve releases its figures on consumer borrowing for March at 3 p.m. Eastern.

Dow Jones industrial futures are up 33 points to 14,939. The broader S&P futures have added 1.9 points to 1,615.30. Nasdaq futures are up 5.5 points to 2,953.

Economists believe that Americans are borrowing more, but for college and cars mostly. After being stung during the economic downturn, people are still paying off credit cards and using cash.

Investors also await earnings reports that come after the bell Tuesday from Walt Disney and the snack company Mondelez, which makes Oreos, Tang and owns brands like Nabisco.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus