US stock futures rise on Fed anticipation

AP News
Posted: Dec 12, 2012 7:17 AM

NEW YORK (AP) — U.S. stock futures are edging higher as investors await news on whether the Federal Reserve will announce a new stimulus plan to boost the U.S. economy.

Dow futures are up 13 points to 13,291. The broader S&P 500 futures are up 1.5 points to 1,433. Nasdaq futures are up 4.5 points to 2,690.

The Fed is widely expected to announce a new bond-buying program to replace one that's about to expire at the end of its two-day policy meeting later Wednesday.

The Fed has launched three rounds of quantitative easing since the financial crisis hit in 2008. They have been credited with shoring up financial markets.

Investors will be keeping a close watch on fiscal cliff discussions as well as another meeting of the European finance ministers in Brussels.