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US Stock Futures Up

Monday, August 27 12:34:13

U.S. stock index futures mostly rose today as investors awaited signs from central banks that they would inject new stimulus into the economy to boost economic growth as Apple surged following a court victory. Investors are looking ahead to a meeting of central bankers at Jackson Hole, Wyoming starting on Friday for clarity on what the U.S. Federal Reserve and European Central Bank will do to support an economy showing signs of slowing growth. Equities have rallied on growing expectations for stimulus, and the news from Jackson Hole could determine whether the recent rally that took the S&P index to four-year highs will persist . Daily trading volume is expected to be extremely light ahead of the meeting, and as many market participants are out on vacation ahead of the Labor Day holiday on Sept. 3 . Last week, volume was among the lowest of the year. Apple Inc gained 2.1 percent to $677.40 in premarket trading after the company won a sweeping victory in a patent lawsuit against Samsung Electronics. Samsung said it would contest the verdict, which orders it to pay $1.05 billion in damages. The premarket rise indicates that Apple will continue its meteoric rise after already having gained about 64 percent so far this year. Energy shares will be in focus on Monday, with crude oil advancing 1 percent on concerns a tropical storm in the Gulf of Mexico could suspend U.S. production. (C Reuters)