Futures rising as Black Friday arrives

AP News
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Posted: Nov 29, 2013 8:12 AM
Futures rising as Black Friday arrives

NEW YORK (AP) — U.S. stock futures are heading higher with all eyes on retailers who are hoping that a deluge of customers this Black Friday breaks open what has been a rather lackluster year.

Dow Jones industrial futures are up 45 points to 15,119. S&P futures have gained 4.3 points to 1,808.60. Nasdaq futures are up 17.25 points to 3,485.75.

Retailers like Macy's and Wal-Mart are reporting a lot of traffic and long lines formed outside of some electronics retailers like GameStop, with new gaming consoles hitting store shelves.

It's still too early to say how much Americans are spending, however, and major retailers have been cutting their outlooks for the year with Americans holding onto their cash.

Markets close Friday at 1 p.m. Eastern time.