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US stock futures edge higher in light trading as year comes to a close

The Associated Press / Times Colonist
December 26, 2012

NEW YORK, N.Y. - U.S. stock futures are moving higher before the latest data is released on the housing market, one of the year's bright spots with just a few trading days left.

Volume is extremely light Wednesday because of the holidays and because markets are still seeking a resolution to the budget showdown in Washington.

Dow Jones industrial futures are up 20 points to 13,085. The broader S&P futures have added 2 points to 1,421.80. Nasdaq futures are up 3 points to 2,661.75.

Standard & Poor's/Case-Shiller is issuing its 20-city home price index for October. Prices rose in most major U.S. cities in September, more evidence of a housing recovery that's providing a boost to the economy.

Still, another pillar of the economy, retail spending, is appearing weak this holiday.

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