NEW YORK — Stock futures are rising after a three-day funk in the markets that have begun to waver in anticipation of a drawdown of the Fed's generous monetary policies.
Dow Jones industrial futures are up 39 points to 15,721. S&P futures have gained a point to 1,768.60. Nasdaq futures are up 13.75 points to 3,468.75.
FILE - In this Thursday, Dec. 12, 2013, photo, trader Richard DeViccaro works on the floor of the New York Stock Exchange. World stock markets were tentative Friday Dec. 13, 2013 as investors prepared for the U.S. Federal Reserve's decision next week on whether to reduce its monetary stimulus. (AP Photo/Richard Drew)
The major indexes are down almost 2 percent for the week, despite a host of positive reports on employment, housing, and even retail, which has struggled throughout the year.
Because the signs of an economic rebound have grown so pronounced, next week's meeting of the U.S. Federal Reserve is being factored into almost all investment decisions.
The Fed has been buying up $85 billion per month in bonds to keep markets fluid and interest rates low.
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