NEW YORK (AP) — Stock futures are inching higher as investors bet the economy will continue to grow, albeit slowly.
Domestic economic reports over the past two weeks have topped modest forecasts, sending stocks higher. While the economy is not robust by any measure, beating economists’ estimates has reduced worries about the economy falling back into recession.
A report due out later Friday is expected to show wholesale inventories and sales rose in July, adding to the signs of continued expansion.
Dow Jones industrial average futures are up 14, or 0.1 percent, at 10,352. S&P 500 futures are up 3, or 0.3 percent, at 11,000, while Nasdaq 100 futures are up 6, or 0.3 percent, at 1,889.
