Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.NEW YORK (AP) — U.S. stock futures are rising ahead of reports on the manufacturing and auto industries.
Dow Jones industrial futures are up 43 points to 13,051. The broader S&P futures have added 5.6 points to 1,420. Nasdaq futures are up 15.5 points to 2,691.25.
November auto sales are likely to be the highest since March of 2008 when calculated on an annual basis, according to LMC Automotive, a Detroit-area industry consulting firm. Automakers report U.S. sales throughout the day on Monday.
And economists expect that U.S. manufacturing expanded in November, though at slower pace because of the effects of Superstorm Sandy.
The Institute for Supply Management releases its index at 10 a.m. Eastern.
Markets may remain fluid throughout the week because of the standoff over the U.S. budget.
