US STOCKS-Futures rise as oil prices cling on to gains

viernes 11 de marzo de 2016 08:29 GYT
 

* Futures up: Dow 142 pts, S&P 18.75 pts, Nasdaq 47.75 pts

By Abhiram Nandakumar

March 11 (Reuters) - U.S. stock index futures rose on Friday as oil prices held on to gains, a day after the European Central Bank announced a new stimulus program.

* U.S. crude rose more than 2 percent, after the International Energy Agency said oil prices might have bottomed as output in the United States and other non-OPEC countries was beginning to fall quickly.

* The S&P 500 is down 2.7 percent for the year, recovering from a steep selloff at the start of the year that was sparked by a rout in oil prices.

* Wall Street ended flat on Thursday, after swinging between gains and losses, as the ECB cut interest rates, but President Mario Draghi said more rate cuts were unlikely.

* Investors' attention now turns to the U.S. Federal Reserve, which is set to meet on March 15-16 to decide on monetary policy.

* The Fed has said it is on track to raise rates gradually this year, but its decision will hinge on the health of the economy.

* Recent data has shown the U.S. labor market remains strong, but wage growth remains a concern.   Continuación...