Monday, November 19, 2012 8:19 am
US futures rise as companies post strong earnings
The Associated Press
Dow Jones industrial futures are up 57 points to 12,627. The broader S&P futures have added 7.2 points to 1,367. Nasdaq futures are up 15.5 points to 2,548.50.
Home improvement company Lowe's said Monday that its third-quarter profit surged 76 percent. That follows a quarterly report from Home Depot last week, which raised its outlook for the year.
Tyson Foods, the country's largest meat company, easily topped Wall Street expectations Monday for its fourth quarter earnings.
House Democratic leader Nancy Pelosi said over the weekend that she's hopeful lawmakers can reach a deal on the budget and avoid crippling tax hikes and budget cuts.