Wall Street Headed for a Year in the Black, Barely

By the Associated Press | December 30, 2011 | 8:26 AM EST

FILE - In this Dec. 20, 2011 photo, traders Michael Zicchinolfi, left, and Michael Lawrence work on the floor of the New York Stock Exchange. Stock markets around the world were closing out 2011 on a subdued note Friday, Dec. 30, 2011, with many of the world's major indexes posting big declines for the year in the wake of Europe's debt crisis, a faltering U.S. economy and signs that China's economy is no longer sizzling. (AP Photo/Richard Drew, File)

NEW YORK (AP) — Wall Street is heading higher on the last day of trading at the end of a raucous year on positive signals this week about jobs and, depending how you look at it, housing.

Oil prices edged higher in the absence of any major economic data Friday.

The government said Thursday that the number of people applying for unemployment benefits each week has dropped by 10 percent since January and pending home sales jumped to their highest point in a year and a half.

Still, investors will wait to see if those home sales actually close and also for a raft of data next week on manufacturing.

Dow futures rose 0.07 percent, to 12,225 and S&P 500 futures added 0.17 percent to 1,259.50. The Nasdaq composite rose 0.13 percent to 2,280.25.