Bloomberg News

U.S. Stock Futures Little Changed Before Consumer Report

November 09, 2012

U.S. stock-index futures were little changed, paring earlier gains, as investors awaited a report on American consumer confidence.

Futures on the Standard & Poor’s 500 Index (SPX), expiring in December, rose less than 0.1 percent to 1,376.4 at 8:38 a.m. in London, trimming an earlier increase of as much as 0.5 percent. Dow Jones Industrial Average contracts expiring the same month slipped 1 point, less than 0.1 percent, to 12,774.

The Thomson Reuters/University of Michigan consumer sentiment index probably climbed to 83 in November, according to economists surveyed by Bloomberg before the preliminary reading due at 9:55 a.m. New York time today. The October reading of 82.6 was the highest since September 2007.

To contact the editor responsible for this story: Srinivasan Sivabalan at ssivabalan@bloomberg.net


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