Futures edge higher after sell-off previous day

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Associated Press

Posted on October 8, 2013 at 8:03 AM

NEW YORK (AP) — Stock futures are slightly higher after a big sell-off to start the week as investors try to find a soft place to land with Washington in a deadlock.

Dow Jones industrial futures are up 2 points to 14,853. S&P futures have gained less than a point to 1,668. Nasdaq futures are up 1.75 points to 3,206.75.

Heading into what may be the third straight week of losses on the Standard & Poor's 500 index, Starbucks CEO Howard Schultz said the company is planning actions this week through its coffee shops to perhaps "remind the Congress and the President of their duty to put citizenship over partisanship."

Senate Democrats on Tuesday may try to pass a stand-alone measure to increase the government's borrowing cap, challenging Republicans to a filibuster showdown.

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