NEW YORK (AP) — U.S. stocks are poised to open higher after a run of solid economic news, notably out of China, helped mute concerns over the European debt crisis.
Europe’s debt woes will likely remain the main catalyst for markets over the coming days and weeks. But in the absence of any fresh bad news, trading in 2012 has got off to a fairly buoyant start.
Dow futures were up 1.7 percent at 12,365. The broader Standard & Poor’s 500 futures rose 1.4 percent to 1,275. The Nasdaq composite rose 1.6 percent to 2,317.
Surveys showing that China and India may be picking up momentum have helped shore the mood of investors. It’s a very busy week on the economic data front, culminating in Friday’s closely watched U.S. non-farm payroll figures for December.