Stocks poised to start 2011 with a lift

By: Associated Press
By: Associated Press

Monday, January 3, 2010

NEW YORK (AP) -- Stocks are poised to start 2011 with a lift thanks to better than expected economic news out of Europe.

Shares are rising throughout Europe after a report showed that manufacturing in the eurozone expanded faster than analyst's forecasts. The Euro Stoxx 50 index is up 0.8 percent.

Investors will get reports on manufacturing growth and construction spending in the U.S. on Monday. Economists expect that manufacturing grew at the same pace in December as in November. Analysts expect construction spending to show slight gains.

Before the opening bell, Dow Jones industrial average futures rose 84 points, or 0.7 percent, to 11,597. S&P 500 futures rose 10, or 0.8 percent, to 1,263. Nasdaq 100 futures rose 21, or 1 percent, to 2,237.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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