Futures Pointing Higher
03-Dec-12 09:16 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +6.20. Nasdaq futures vs fair value: +17.30. Heading into the open, equity futures are pointing higher and the S&P 500 futures are firmer by 0.5%.
High-beta names appear poised for a strong start. Financials Bank of America (BAC 9.93, +0.07) and Citigroup (C 34.85, +0.28) are both up near 0.8%.
Additionally, coal producers are also seeing pre-market strength. Alpha Natural Resources (ANR 7.63, +0.15) and Arch Coal (ACI 6.85, +0.13) are adding 2.0% each.
November ISM Index and October construction spending will both be released at 10:00 ET. Also note that automakers will be reporting November sales throughout the day.