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Pre-Market Primer: Markets Rise Before Fed Announcement
MINYANVILLE ORIGINAL Expectations that the Federal Reserve will expand asset purchases and factions in Washington will agree to a budget compromise drove stock index futures higher this morning. Dow (INDEXDJX:.DJI) futures climbed 0.16% to 13 229 before the opening bell. Futures contracts on the S&P 500 (INDEXSP:.INX) rose 0.21% to 1 434.50 and Nasdaq (INDEXNASDAQ:.IXIC) futures gained 0.28% to 2 693.25. President Barack Obama is offering Republicans an overhaul of the corporate tax code as part of the deal for a budget that could avert the automatic spending cuts and tax increases known as the fiscal cliff. This could ...
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