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Wednesday, Feb 13, 2013 12:45 PM UTC

US stock futures up after hitting year’s high

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Topics: From the Wires,

US stock futures up after hitting year's highFILE - In this Friday, Feb. 1, 2013, file photo, A specialist works at his post on the floor of the New York Stock Exchange. The Dow is closing at its highest level of the year, Tuesday, Feb. 12, 2013,coming within one percent of its record reached in October 2007. (AP Photo/Richard Drew)(Credit: AP)

NEW YORK (AP) — U.S. stock futures are rising slightly a day after strong U.S. corporate earnings sent the Dow to its highest close since 2007.

Dow futures are up 20 points to 13,993. The broader S&P 500 futures are up 3 points to 1,519. Nasdaq futures are up 7 points to 2,767.

Investors will be looking toward a government report on January retail sales. U.S. consumers likely spent more cautiously at stores and restaurants last month after an increase in Social Security taxes cut into take-home pay. Economists expect that retail sales edged up 0.1 percent in January. The report is due at 8:30 a.m. Eastern.

The market will also weigh Tuesday’s State of the Union address from President Barack Obama. Obama pressed his call to raise taxes on the wealthy to help fix looming fiscal crises.

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