US STOCKS-Futures rise after 4-week run; factory orders due

Mon Nov 4, 2013 7:33am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* Euro zone manufacturing picks up in October

* Weyerhaeuser selling homebuilding division for $2.7 bln

* U.S. factory orders data on tap

* Futures up: Dow 35 pts, S&P 4 pts, Nasdaq 12.75 pts

By Chuck Mikolajczak

NEW YORK, Nov 4 (Reuters) - U.S. stock index futures advanced on Monday, indicating the S&P 500 will continue to rise after four straight weeks of gains that have left the index at its latest record high.

* The benchmark S&P index has risen 4.2 percent over the past four weeks as the partial U.S. government shutdown in October pushed back expectations for the Federal Reserve to begin curtailing its stimulus measures into the first quarter of 2014.

* But recent manufacturing data has come in stronger than expected, lending weight to the possibility the economy could handle an earlier-than-expected tapering of the central bank's bond-buying program.

* Adding to the optimism, a survey on Monday showed euro zone manufacturing activity accelerated in October as new orders increased for the fourth month in a row, although strong competition left factories with scant room to raise prices.   Continued...