NEW YORK (AP) — Stock futures are climbing after a new report says the nation’s economy grew by a stronger-than-expected 5.7 percent during the fourth quarter.
The nation’s gross domestic product surged faster than the expected 4.5 percent growth economists had forecast.
A strong GDP report could get the market back on track after a 10-month rally came to a screeching halt over the past week. Shares have been falling since hitting a 15-month high last week.
Concerns have been mounting that potential new regulations coming out of Washington could upend a fragile economic recovery.
Dow Jones industrial average futures are up 66, or 0.7 percent, at 10,128. Standard & Poor’s 500 index futures are up 8.40, or 0.8 percent, at 1,087.60, while Nasdaq 100 index futures are up 13.75, or 0.8 percent, at 1,784.25.
