Futures suggest higher open Stock futures are pointing to a moderately higher open, taking their lead from European markets that are continuing their recent rally. Overseas markets moved higher following comments from a Chinese Communist Party leader which boosted global growth expectations. Investors will be watching the ADP Employment Change report which is due out at 8:15 am ET. The report is expected to indicate that 125,000 new service jobs were created last month.
U.S. Labor Secretary speaks on the economy at a luncheon meeting U.S. Labor Secretary Perez discusses the U.S. economy and labor situation in a speech entitled "Shared Prosperity: Building an Economy that Works for Everyone," at a National Press Club luncheon meeting being held in Washington, D.C. on October 20 at 1 pm.