Futures rise; all eyes on the Fed

Wednesday, May 22nd, 2013 | Finance News

NEW YORK (AP) — U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone.

Dow Jones industrial futures are up 15 points to 15,370. S&P futures have added 2.2 points to 1,667.80. Nasdaq futures are up 4.25 points to 3,025.75.

The Federal Reserve releases minutes Wednesday from its most recent policy meeting and Chairman Ben Bernanke goes before Congress to testify about the state of the U.S. economy.

Comments from two Fed officials this week are already pushing markets higher.

Also Wednesday, economists expect the National Association of Realtors to report that previously owned home sales rose last month to a seasonally adjusted annual rate of nearly 5 million.

That would be the fastest pace in more than three years.

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