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Futures sharply higher ahead; consumer data ahead

May 28, 2013

NEW YORK (AP) — U.S. stock futures rose sharply to start the week after the three-day holiday weekend and ahead of the latest update on the mood of the American consumer.

Dow Jones industrial futures rose 114 points to 15,421. The broader S&P futures added 13.2 points to 1,663.80. Nasdaq futures rose 28.25 points to 3,020.50.

The Conference Board will release its consumer confidence report at 10 a.m. Eastern Tuesday and economists believe that the reading will rise for the second time in as many months.

The S&P/Case-Shiller home price index for March is also due. Last month, the report showed that prices in the top 20 cities rose 9.3 percent in the past year. It was the fastest year-over-year increase since May 2006.

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