Stock futures point to early gains on Wall Street

By IEVA M. AUGSTUMS

AP Business Writer

Richard Drew

Traders gather at the post that trades Carter's Inc. on the floor of the New York Stock Exchange Tuesday, Nov. 10, 2009.

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Wall Street is looking at a stronger open as investors keep rallying around the expectation that interest rates will remain low for some time.

Record-low interest rates and the resulting slide in the dollar have been major forces behind the recent surge in stocks. Federal Reserve officials speaking late Tuesday noted that the economic recovery is likely to be weak and reiterated that the central bank will keep rates low.

Markets overseas are higher Wednesday, boosted by positive economic data from China and Japan and news that employment is up in Britain.

U.S. government bond markets are closed for Veterans Day.

Dow futures are up 69, or 0.7 percent, at 10,286. Standard & Poor's 500 index futures are up 8.30, or 0.8 percent, at 1,100.20, while Nasdaq 100 index futures are up 11.50, or 0.7 percent, at 1,784.00.

Posted on Tue, Nov. 10, 2009 06:07 AM

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