Futures move higher before jobs report

US stock futures bounce as earnings continue to impress; US to release jobs numbers

Associated Press
PepsiCo beats expectations despite soda struggles

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In this Friday, April 12, 2013, photo, Seattle Mariners starting pitcher Hisashi Iwakuma warms up next to a Pepsi advertisement before a baseball game against the Texas Rangers, in Seattle. PepsiCo Inc. reports quarterly financial results before the market opens on Thursday, April 18, 2013. (AP Photo/Ted S. Warren)

NEW YORK (AP) -- U.S. stock futures are heading higher before the government releases is latest snapshot on the job market.

Earnings season continues Tuesday before the opening bell, with quarterly reports from PepsiCo, Verizon, Morgan Stanley and Union Pacific railroad.

Dow Jones industrial futures are up 55 points to 14,607. The broader S&P futures have added 6.1 points to 1,552.20. Nasdaq futures are up 11.75 points to 2,786.25.

The Labor Department is expected to report that applications for unemployment benefits last week were little changed, which would be good news. Should weekly applications remain below 350,000, it would suggest that the job market is stronger than last month's weak hiring suggested.

After the market closes, tech companies dominate the earnings slate, with reports from IBM, Google and Microsoft.

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