US Futures Mixed Ahead of Jobs, Retail Reports

(AP) US futures mixed ahead of jobs, retail reports
NEW YORK
Stock futures are mixed ahead of a busy day for economic indicators.

Dow Jones industrial futures are up 5 points to 13,235. The broader S&P futures have fallen 1.3 points to 1,425.90. Nasdaq futures are up 0.25 points to 2,670.50.

Economists expect a Commerce Department report Thursday to show that Americans began spending more in stores in November as the Northeast puts Superstorm Sandy behind it and the holiday shopping season kicks into high gear.

The Labor Department posts last week's applications for unemployment benefits and that is expected to be relatively flat. The department is also releasing its wholesale prices report for November.

The market briefly rallied Wednesday following the Federal Reserve's latest economic stimulus program, a monthly $85 billion bond program. But stocks finished little changed.

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“Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman Ben S. Bernanke yesterday said a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk,” Jonathan Burgos reports. What does this say about the US and, in particular, the policies of the Federal Open Market Committee, which are pretty much identical?

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