Futures Rise as Snow Blankets Wall Street


FOX Business: Capitalism Lives Here

Traders who braved the snow storm that struck the East Coast were greeted with green on the screens as stock-index futures climbed higher.

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Today's Markets

As of 8:05 a.m. ET, Dow Jones Industrial Average futures climbed 26 points, or 0.16%, to 16414, S&P 500 futures advanced 3.5 points, or 0.19%, to 1830 and Nasdaq 100 futures rose 5 points, or 0.14%, to 3564.

The year started off in a fairly glum way, with the Dow taking a triple-point loss in its worst annual kick off since 2008.

There is no economic data due out on the day, but there may be news from the Federal Reserve. Several speakers will be on tap at the annual forum held by the American Economic Association, including the central bank's outgoing chairman, Ben Bernanke.

Sales figures from the major U.S. automakers, including Ford (NYSE:F), General Motors (NYSE:GM) and Chrysler are also on the docket.

Elsewhere in corporate news, analysts at Cantor Fitzgerald said Apple (NASDAQ:AAPL) is their top large-cap pick of 2014.

In commodities, U.S. crude oil futures fell 3 cents, or 0.03%, to $95.41 a barrel. Wholesale New York Harbor gasoline fell 0.07% to $2.786 a gallon. Gold rose $4, or 0.3%, to $1,228 a troy ounce.

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