US stock futures follow Asian markets higher

stocks

NEW YORK (AP) — U.S. stock futures are following markets in Asia higher on new data showing that Japan’s economy grew faster than originally thought this year.

There are no major economic indicators or corporate earnings scheduled for release in the U.S. Monday.

Dow Jones industrial futures are up 51 points to 15,259. S&P futures have added 7.4 points to 1,646. Nasdaq futures are up 12 points to 2,992.50.

Japan’s Nikkei jumped nearly 5 percent after first-quarter growth for the world’s third-largest economy was revised upward to 4.1 percent, from 3.5 percent.

Investors will head into morning trading a lot more optimistic about the U.S. economy, too, following a strong report Friday from the Labor Department.

Next up is the May retail sales report Thursday from the Department of Commerce. Economists expect a slight uptick.

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