Stock futures head higher ahead of Bernanke speech
by FRANCESCA LEVY,AP Business Writer
Jun 07, 2011 | 760 views | 0 0 comments | 2 2 recommendations | email to a friend | print
NEW YORK (AP) — Stocks appear headed to a higher opening following four straight days of losses, as traders await a policy speech by Federal Reserve chairman Ben Bernanke.

This afternoon, Bernanke is expected to discuss whether the Fed will extend its $600 billion bond-buying program.

Stocks plunged over the last four days as the U.S. economic recovery looked weak and Europe's debt crisis worsened.

Dow Jones industrial average futures are up 47 points, or 0.4 percent, at 12,134, in premarket trading. Standard & Poor's 500 index futures are up 6, or 0.5 percent, at 1,291. Nasdaq futures are up 8, or 0.3 percent, at 2,281.

On Monday, the Dow fell 0.5 percent, while the S&P and Nasdaq indexes each fell 1.1 percent.

Copyright 2011 RN-T.com. All rights reserved.

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