Futures rising ahead of Fed’s economic update

NEW YORK (AP) — Stock futures are moving higher for the fourth consecutive day ahead of the latest economic outlook from the Fed.

Dow Jones industrial futures are up 9 points to 15,474. S&P futures have gained 1.5 points to 1,699.80. Nasdaq futures are up 8.25 points to 3,192.25.

The U.S. Federal Reserve on Wednesday may announce the first retreat in its massive bond-buying program which has flooded international markets with cash and kept interest rates low.

Most economists expect a pullback because the economy is recovering.

Also on Wednesday, Walgreen became the latest major corporation to ditch its insurance coverage for employees, instead sending them shopping for their own.

It joins Sears, Aon Hewitt and others in the shift.

The Commerce Department releases its housing construction numbers for August before the opening bell.

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