US Futures Head Higher, Again

NEW YORK (AP) – U.S. stock futures are moving higher with President Barack Obama’s $3.77 trillion spending plan arriving in Congress, where fierce negotiations over spending cuts and taxes are expected.

Minutes from the U.S. Federal Reserve monetary policy meeting are also due Wednesday. A dismal jobs report Friday doused expectations that aggressive monetary policies being used to push the recovery forward would end.

Dow Jones industrial futures are up 46 points to 14,656. S&P futures have added 4.8 points to 1,568. Nasdaq futures are up 10.75 points to 2,808.25.

The Dow closed at another record high and the S&P closed less than two points below its all-time high.

Early reports for the new earnings season are expected from Bed Bath & Beyond, Family Dollar Stores and Constellation Brands, the beer and wine maker.