US futures edge up; Bernanke back before Congress

Published on NewsOK Modified: February 27, 2013 at 7:58 am •  Published: February 27, 2013
Advertisement

Orders for so-called core capital goods, which include machinery, equipment and software, rose 6.3 percent in January from December, the largest increase in more than a year.

Target beat Wall Street profit expectations for the fourth quarter, but shares dipped before the opening bell because its gross margins — the percent of each dollar of revenue that a company keeps — are slipping.

Retailers are being watched closely to gauge how a hike in the U.S. payroll tax is affecting consumers.

Dollar Tree also beat expectations for the final quarter of the year and shares jumped 4 percent in premarket trading.