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Futures rising on strong corporate performances

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October 30, 2013 07:59 AM EST | AP


NEW YORK (AP) — Stock futures are rising as quarterly reports from U.S. corporations continue to surpass expectations.

The Federal Reserve will also release its monetary policy statement Wednesday. Economists believe the U.S. will maintain an $85 billion bond-buying program that has kept interest rates low, and markets flush with cash.

Dow Jones industrial futures are up 44 points to 15,660. S&P futures have gained 4.1 points to 1,771.50. Nasdaq futures are up 14.25 points to 3,398.25.

Chrysler is reporting a 22 percent jump in third-quarter profit and a healthy slate of films helped Comcast beat Wall Street expectations.

The Labor Department will release its consumer price index for September at 8:30 a.m. Eastern time. Economists expect consumer prices rose 0.2 percent, with the weak economy and slim pay increases keeping inflation in check.