Skip to comments.Stock Futures Shake Off Weak China Data
Posted on 03/24/2014 6:10:51 AM PDT by mykroar
U.S. stock-index futures turned positive on Monday despite a round of disappointing data on China on the heels of a volatile trading week.
As of 8:07 a.m. ET, Dow Jones Industrial Average futures climbed 24 points, or 0.24%, to 16245, S&P 500 futures advanced 3.5 points, or 0.2%, to 1861 and Nasdaq 100 futures rose 9.5 points, or 0.26%, to 3649.
The markets capped a turbulent trading week to the upside last week, with the broad S&P 500 advancing 1.4%. The pace was expected to slow on Monday, with few major U.S. economic events on the calendar.
Traders were greeted with a report from HSBC showing China's vast manufacturing sector contracted more quickly in March than it did in February. The PMI gauge dipped to 48.1 from 48.5, confounding expectations of a rise to 48.7.
(Excerpt) Read more at foxbusiness.com ...
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