Monday, 11 June 2007

U.S. Stock-Index Futures Rise After Pimco's Gross Says Fed Is on Hold

(Bloomberg) -- U.S. stock-index futures rose after
Bill Gross, manager of the world's biggest bond fund, said the
housing market is too weak for the Federal Reserve to raise
interest rates.

Standard & Poor's 500 Index futures expiring in September
added 1.8 to 1524.3 as of 8:51 a.m. in New York after earlier
falling 3.5. Dow Jones Industrial Average futures rose 13 to
13,558. Nasdaq-100 Index futures gained 1 to 1935.


Read more at Bloomberg Stocks News

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