Futures mixed with US averages in record territory

AP News
Posted: Nov 22, 2013 8:32 AM
Futures mixed with US averages in record territory

NEW YORK (AP) — Stock futures are mixed after a week in which strong housing data and corporate earnings drove the Dow to a record close.

Weekly applications for unemployment benefits also dropped to the lowest level since September.

Dow Jones industrial futures are up 10 points to 15,985. S&P futures have given up less than a point to 1,793.50. Nasdaq futures are up 1.5 points to 3,402.

Gains in U.S. averages this week have been in light trading and there appeared to be more of that on the way Friday, with many investors anticipating a pull-back by the Federal Reserve. The Fed has been pumping billions into the market every month through its bond-buying program.

A healthier jobs market has been mentioned as a potential trigger for removing the Fed's monetary support.