US stock futures rise ahead of reports on economy

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    NEW YORK (AP) — Stock futures are rising as investors weigh a warning on U.S. debt and await reports on the economy.

    Ratings agency Moody’s threatened Wednesday to downgrade U.S. government bonds, citing the risk the government could fail to pay its debt on time if budget negotiators cannot meet an Aug. 2 deadline.

    Government reports throughout the day on unemployment claims, retail sales and wholesale prices will paint a clearer picture of the economy.

    JPMorgan Chase is up 2 percent in premarket trading after the bank reported higher investment banking fees boosted its quarterly earnings.

    Dow Jones industrial average futures are up 19, or 0.2 percent, at 12,444 in premarket trading. Standard & Poor’s 500 index futures are up 4, or 0.3 percent, at 1,315. Nasdaq 100 futures are up 12, or 0.5 percent, at 2,356.