US futures head higher with polls opening

AP News
Posted: Nov 06, 2012 8:45 AM
US futures head higher with polls opening

NEW YORK (AP) — Stock futures headed higher in light trading Tuesdsay with polls opening on the East Coast.

Dow Jones industrial futures rose 31 points to 13,084. The broader S&P futures tacked on 4 points to 1,416. Nasdaq futures rose 11.75 points to 2,674.

For the second day in a row, many investors remained on the sidelines with the presidential contest so tight.

One of the bigger companies posting earnings is CVS Caremark. The drugstore operator and pharmacy benefits manager topped Wall Street expectations and boosted its outlook.

A big decliner in premarket trading is Express Scripts, also a pharmacy benefits manager, which late Monday gave a cautious economic outlook even though it had a strong third quarter. Shares fell 13 percent before the opening bell.

CoreLogic, a real estate data company, said Tuesday that one measurement of U.S. home prices shows that prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006.

Shares of homebuilders were mostly higher in premarket trading.