US futures edge higher on strong earns start

US stock futures edge up on strong Alcoa earnings, anticipation of positive wholesale report

Associated Press
Dow Jones average closes at another record high
.

View photo

FILE - In this Thursday, April 4, 2013 file photo, traders work on the floor of the New York Stock Exchange. World stock markets rose Tuesday April 9, 2013 as investors looked ahead to U.S. corporate earnings, but Japan's benchmark index finished marginally lower, ending a four-session rally sparked by the Bank of Japan's bold program to revive the country's moribund economy. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- U.S. stock futures are edging higher after a strong start to the earnings season from Alcoa and expectations that new government data will show that businesses are growing more optimistic.

Dow Jones industrial futures are up 7 points to 14,571. The broader S&P futures have added 2.8 points to 1,562. Nasdaq futures are up 9 points to 2,790.

Alcoa kicked off the latest corporate quarterly earnings late Monday by beating earnings expectations, thanks to strong demand from plane and auto builders. The aluminum company is forecasting a 7 percent hike in demand across numerous industries.

The Commerce Department is expected to report Tuesday that wholesalers boosted inventories in February as businesses grow more confident about sales. Meager stockpiling late last year slowed economic growth to a crawl.

View Comments