Before the bell: S&P futures +14.00; Nasdaq futures +24.50.
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will extend its first weekly gain since July, amid optimism the economy will expand.
Equities climbed after Americans’ spending increased more than economists forecast while incomes grew at the projected pace.
Travelers added 2.6 percent to $49.55. Hurricane Irene’s estimated cost to insurers fell to about $2.6 billion, according to Kinetic Analysis Corp., a firm that predicts the effects of disasters. That compares with a projection last week from the Silver Spring, Maryland-based company of as much as $14 billion when Irene was forecast to make landfall in New York as a Category 2 hurricane. Total economic losses, including those that aren’t insured, may be about $7 billion.