Futures propelled by strong US corporate earns

US stock futures are moving higher for second day as US corporations show strength

Associated Press
Stocks little changed as investors weigh earnings
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In this Tuesday, April 16, 2013, photo, Specialist Michael Pistillo, right, works with traders at his post on the floor of the New York Stock Exchange. Global stock markets rose Wednesday April 24, 2013 after an increase in new U.S. home sales and strong corporate earnings across a range of industries lifted investment sentiment. (AP Photo/Richard Drew)

NEW YORK (AP) -- U.S. stock futures are again being driven higher by a steady stream of companies exceeding Wall Street's quarterly earnings expectations.

After a big earnings beat by Apple late Tuesday, Sprint Nextel, Northrop Grumman, Procter & Gamble and Ford are doing the same Wednesday.

Dow Jones industrial futures are up 20 points to 14,664. The broader S&P futures have added 2.1 points to 1,575.70. Nasdaq futures are up 5 points to 2,828.

The one thing outside of corporate earnings that may sway markets is a report from the Commerce Department on durable goods orders. Most economists expect business trimmed orders for long-lasting U.S. factory goods in March.

But that follows a huge surge in the prior month and some economists see the dip as temporary.

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