US futures head higher; Dow set to extend record

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Associated Press

Posted on March 6, 2013 at 7:03 AM

Updated Wednesday, Mar 6 at 9:02 AM

NEW YORK (AP) — Stock futures are rising ahead of new jobs and manufacturing data expected to show that companies continue to bring more workers on board and businesses are ramping up factory orders to meet demand.

The Dow rode a triple-digit gain into the history books this week and appears ready to do it again Wednesday.

Dow Jones industrial futures are up 49 points to 14,282. S&P futures have added 5.7 points to 1,542.80. Nasdaq futures are up 6.5 points to 2,805.75.

The February job growth report from payroll processor ADP is expected to show employers added 170,000 jobs in the private sector in February.

A more revealing peek into the health of the job market arrives Friday, when the Department of Labor releases its February report. Economists expect the U.S. added 152,000 jobs.

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