Futures rise as budget talks continue

AP News
Posted: Oct 11, 2013 8:30 AM
Futures rise as budget talks continue

NEW YORK (AP) — Stock futures are rising again, adding to a 300-point gain on the Dow Jones, with the odds of the first U.S. default in history at least appearing to grow slimmer.

Dow Jones industrial futures are up 24 points to 15,057. S&P futures have gained 1.8 points to 1,686.80. Nasdaq futures are up 4.25 points to 3,197.75.

The partial government shutdown pushed the Dow below 15,000 for a week before President Barack Obama and House Republicans held urgent meetings Thursday to try to hammer out a deal.

Obama planned a late-morning White House meeting Friday with GOP senators, who said they would present options of their own for ending the shutdown.

J.P. Morgan Chase, rattled by massive legal expenses, is reporting a loss for the third quarter.