US Stock Futures Move Up

US stock futures moved up marginally today, after falling in the previous session. While futures on the Dow Jones Industrial Average gained 34 points to 10,647, those on the S&P 500 added 4.10 points to 1,123.60. Meanwhile, Nasdaq 100 futures advanced 6.50 points to 1,909. Today is a quiet day on the economic front. Traders are awaiting the outcome of the Federal’s monetary-policy meeting, which is scheduled for tomorrow. Strategists at Deutsche Bank said that the Fed has the difficult task on hand. It has to "balance admitting the recovery is not as strong as they'd like (which would be a big move) and implementing fresh QE [quantitative easing], against not announcing fresh action, which may disappoint a liquidity-hungry market." On the corporate front, technology giant Hewlett-Packard Co HPQ is the center of focus, after its chief executive, Mark Hurd, departed on Friday amid a sexual-harassment claim made against him by the former contractor Jodie Fisher. Sara Lee Corp SLE and Tyson Foods Inc TSN are also in focus. The chief executive of SLE, Brenda Barnes, who has been on medical leave since mid-May, is also resigning. TSN has posted higher-than-expected earnings of $0.65 per share for the second quarter. Overseas, European shares rebounded from the sharp losses suffered on Friday. Commodity stocks were the leading gainers in the European bourses, supported by stronger metal and oil prices. Read more from Benzinga's Markets.