US futures rise; Knight Capital gets lifeline

U.S. stock futures are riding the tailwind of the most recent job figures higher and global markets are rising as well.

Dow Jones industrial futures are up 14 points to 13,069 and the broader S&P futures added 2.8 points to hit 1,391.80. Nasdaq futures are up 11.75 points at 2,682.75.

Knight Capital Group, which was stung by a disastrous software glitch during early trading last week, said Monday that it has lined up $400 million in financing to continue operations.

The trading firm handles the accounts of the biggest retail brokerage firms and Wall Street Banks. It has been fighting to survive since Wednesday, when a problem with a new software funneled erroneous orders for some 140 stocks to the market for the first 45 minutes of trading.

 

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2 thoughts on “US futures rise; Knight Capital gets lifeline

  1. ...............the turning point may be not far away.Be vigilant the down hill slope will be close to ninety degrees...........M

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