Posted: Jul 5, 2011 6:29 AM by Kate Richards
NEW YORK (AP) - Stock futures are rising as investors anticipate economic data this week.
The government is expected to report Tuesday that businesses increased their orders for manufactured goods in May. That's evidence that parts shortages stemming from the March 11th earthquake in Japan are fading. Reports are also due out later this week on unemployment for June and activity at service-oriented companies.
Ahead of the opening, Dow Jones industrial average futures are up 12, or 0.1 percent, at 12,526. Standard & Poor's 500 futures are flat at 1,334. Nasdaq 100 futures are up 6, or 0.3 percent, at 2,362.
Last week, the Dow rose 648 points, its best week in two years, after Nike reported strong earnings and Greece cleared its final hurdle before receiving another round of loans.