Stock futures inch higher ahead of opening
Stephen BernardInvestors are continuing to search for direction after two days of relatively flat trading. Stock futures are edging higher.
A market surge that began a year ago appears to have run out of steam recently. Traders are no longer looking for just anecdotal evidence that a recession is easing like they were last year. Now they want to see signs of sustained economic growth.
With little economic data released since last week's better-than-expected jobs report, investors haven't made any big moves. A report due out Wednesday is expected to show business inventories rose 0.2 percent in January.
Dow Jones industrial average futures are up 9, or 0.1 percent, at 10,573. Standard & Poor's 500 index futures are up 1.00, or 0.1 percent, at 1,141.50, while Nasdaq 100 index futures are up 4.75, or 0.3 percent, at 1,906.00.