Community Calendar

Community Artists Program
10 a.m. - 4 p.m. Charlestown

CHRIST CHURCH CELEBRATES THE RESTORATION OF THE CHURCH TOWER
10:15 a.m. - 11 a.m. Westerly

Free Electronic Waste Drop Off Event
9 a.m. - Noon Charlestown

RI Blood Drive
9 a.m. - Noon Charlestown

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In this Wednesday, July 31, 2013, photo, from left, specialists Peter Kennedy, Bernard Wheeler, and Philip Finale, confer on the floor of the New York Stock Exchange. Global markets rose Thursday Aug. 1, 2013 after the U.S. Federal Reserve gave no indication it was preparing to wind down a massive bond-buying program that has propelled investors into stocks. (AP Photo/Richard Drew)
A worker levels the coal on a freight train in Taiyuan in northern China's Shanxi province Wednesday, July 31, 2013.  (AP Photo) CHINA OUT

Futures rise sharply on steady Fed hand


NEW YORK (AP) — Stock futures are rising sharply on renewed investor confidence in the Fed’s commitment to an aggressive monetary policy, as well as positive manufacturing data from China.

Another banner month is expected from automakers as well, who report sales for July today.

Dow Jones industrial futures are up 106 points to 15,539. S&P futures have added 11.3 points to 1,691.80. Nasdaq futures are up 19.25 points to 3,102.25.

Global markets rose early after the U.S. Federal Reserve hinted it might need to maintain its $85 billion a month in bond purchases, which have kept borrowing rates very low.

And while manufacturing in China remains week, data released early today suggests an economic slowdown in the world’s second-largest economy may be easing.

The Labor Department releases weekly jobs numbers today.



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