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Economy

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Futures Head Higher As Congress Returns

December 27th, 2012 12:21 pm Associated Press

NEW YORK (AP) — Stock futures are heading higher before the government releases what is expected to be the latest positive news for the housing industry.

There is a chance that all economic data coming out Thursday will be overshadowed by budget negotiations as Congress returns to Washington.

Dow Jones industrial futures are up 21 points to 13,069. The broader S&P futures have added 3.5 points to 1,417. Nasdaq futures are up 6.75 points to 2,635.25.

Economists expect the Commerce Department to report that sales of new homes rose 3.2 percent in November compared with October. Steady job gains and low mortgage rates have boosted sales of both newly built and previously occupied homes this year.

And the Labor Department posts weekly unemployment benefits applications, which should indicate modest job growth.



  • http://pulse.yahoo.com/_6FRFMASE7UDGFMWKQLXSUBIZOY Angel

    KEEPING IT THOUGHTFULLY HONEST: So let’s go “Over their Cliff” that all of politicians agreed to set up a few months ago! Cut everything since most of it has benefited a few special interests, not Middle Class Americans taxpayer that paid for most of it! So Boehner where are the JOBS as you asked during the Romney campaign? It is the responsibility of our National Press News to accurately on this “political hostage” issue? FACTCHECK who is conducting the republican clown show in House of Reps.? Publicly name each clown! Everyone is entitled to its own opinions but its own facts! But our Free Press and News needs to responsibly remind everyone including Boehner and his republican clowns of the results of this election. So where are the negotiations on the election issue of Government stimulus funding to facilitate more American new jobs growth for the middle class? THE INCONVENIENT TRUTH: The republican’s election issue of 10 years of the continued Bush tax cuts for billionaires and millionaires that significantly contributed to our national debt and created new jobs in Communist China lost! Fiscal Responsible Debt Reduction is secondary. The Ryan Plan was defeated- No voucher or cuts for Medicare and leave Social Security alone for now! This is not rocket science! That’s it! The National Press stop trying to be politically correct, but responsibly call out the republicans that their “hostage taking obstruction” to undermine our economy and intransigence’s on their unacceptable defeated policies will put them out of the political business! America’s middle Class is fed up with you irresponsible idiots with their years of class war on the American Middle Class! The majority of Americans have spoken so deal with the new reality! So where are the jobs?