New York • U.S. stock futures rose Tuesday as the Federal Reserve gathered to chart a course for the economy and new evidence emerged of a slowly mending market for builders.
Dow Jones industrial average futures rose 42 points to 12,729. Standard & Poor’s 500 futures added 4.6 points to 1,345.50 and Nasdaq futures rose 12.25 points to 2,599.75.
New York • U.S. stock futures rose Tuesday as the Federal Reserve gathered to chart a course for the economy and new evidence emerged of a slowly mending market for builders.
Dow Jones industrial average futures rose 42 points to 12,729. Standard & Poor’s 500 futures added 4.6 points to 1,345.50 and Nasdaq futures rose 12.25 points to 2,599.75.
At the same time, the fourth-quarter earnings report from FedEx painted a picture of a start-and-stop recovery.
The world’s second-largest package delivery company posted thinner profits and its outlook for the first quarter and the full year sent company shares down 2 percent before the market opened.
FedEx Corp. serves as a barometer for broader business trends. However, part of the carrier’s outlook is based on higher costs for salaries and pensions.
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