NEW YORK (AP) — Stock futures are edging higher as traders eye reports on durable goods orders and new home sales for new clues about the health of the economy.
A surprise jump in business confidence in Germany reported Friday has tempered fresh worries about Europe’s economy. That could allow stocks to recover some of Thursday’s losses. Stocks fell a day ago, in part, due to reports the Europe’s economy is slowing.
Traders were also looking for new clues about the strength of the U.S. economy. A report on durable goods is expected to show orders slipped last month, but sales of new homes likely rose.
Dow Jones industrial average futures are up 25, or 0.2 percent, at 10,631. S&P 500 futures are up 3, or 0.3 percent, to 1,123, while Nasdaq 100 futures are up 7, or 0.3 percent, at 1,988.
