US futures head higher as budget talks proceed

US futures head higher as budget talks proceed
Updated on

Summary US stock futures are higher on signs with political stability in the country.

 

NEW YORK:-US stock futures are higher on signs that the White House and Congress are moving closer to a budget deal.

 

Dow Jones industrial futures are up 46 points to 13,230. The broader S&P futures have added 5.8 points to 1,432.80.

 

Nasdaq futures are up 19 points to 2,681.


A new proposal softens President Barack Obama s long-held insistence that taxes rise on individuals earning more than $200,000 and families making more than $250,000. He is now offering a new threshold of $400,000 and is lowering his 10-year tax revenue goals he had argued for a few weeks ago.

 

The Commerce Department will release its quarterly current account trade deficit report Tuesday, and economists expect those numbers to narrow.

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