US futures rebound for the first time this week

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Associated Press

Posted on October 11, 2012 at 7:34 AM

NEW YORK (AP) — Stock futures are rebounding for the first time this week, a day after a triple-digit sell off on Dow Jones industrial average.

It was the third straight day of losses for major stock indexes and investors appeared to be looking for bargains Thursday, rather than acting on any strong economic signals.

Dow Jones industrial futures are up 35 points to 13,303. The broader S&P futures have gained 5.2 points to 1,431.50. Nasdaq futures are up 11.75 points to 2,734.50.

Economists expect the Labor Department to report a slight rise in the number of Americans seeking unemployment benefits and most believe that the Commerce Department will reveal that the U.S. trade deficit grew in August from July, as weaker global growth cut demand for American-made products overseas.

Global markets are mixed.

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