US market futures up ahead of durable goods report

Associated Press

NEW YORK (AP) — U.S. stock market futures are rising ahead of a report on February orders for machinery and other long-lasting items that is expected to show businesses remain confident in the economic recovery.

The Commerce Department reported a surge in investment in durable goods for January, and economists expect another strong showing.

Dow Jones industrial average futures are up 19 at 14,405. Nasdaq 100 futures added 6.5 to 2,790.75. S&P 500 futures gained 2.30 to 1,549.2.

European markets are up as investors gain in the bailout arranged for Cyprus, even as the island nation decided to keep its banks closed for another two days in an attempt to ward off a run.

Most Asian markets dipped. Stocks in China fell in response to government moves to cool off the real estate sector.

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