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Stock futures head higher with more evidence that businesses are spending
NEW YORK (AP) ' Stock futures are rebounding on a government report that shows that businesses are investing more in machinery, computer systems and other long-lasting items.
Dow Jones industrial futures are up 28 points to 13,152 and the Standard & Poor's 500 futures are up 2.4 points to 1,408.8. The Nasdaq composite futures are up 6 points to 2,781.75.
The Commerce Department reported Wednesday that orders for durable goods, things expected to last at least three years, rose 2.2 percent.
Energy prices are also falling. The meteoric rise of gasoline prices and how it is affecting consumers has been a big concern among economic policy makers. Consumer spending drives the U.S. economy and on Tuesday, a report from the Conference Board, a private industry group, showed some resilience, though its index slipped.