Market preview: Stock futures maintain their gains despite the ADP report missing expectations,...
Wednesday, December 5, 2012, 9:15 AM ETMarket preview: Stock futures maintain their gains despite the ADP report missing expectations, with commentary that the number would have been higher had it not been for Superstorm Sandy perhaps keeping the mood positive. The S&P benchmark is +0.25%. Comments out of China that the new government will maintain easy policies is also supposedly helping. Freeport McMoRan craters 13.9% on news that it's acquiring Plains Exploration (+25%) and McMoran Exploration (+15.2%). Later: Factory Orders, ISM Non-Manufacturing Index