* China data shows improvement in manufacturing
* Weekly jobless claims, Markit manufacturing data on tap
* 47 S&P 500 companies scheduled to report earnings
* Futures up: Dow 67 pts, S&P 7.9 pts, Nasdaq 14.75 pts
By Chuck Mikolajczak
NEW YORK, Oct 24 (Reuters) - U.S. stock index futuresadvanced on Thursday, indicating the S&P 500 will rebound fromits first decline in the last six sessions, ahead of labormarket and manufacturing data and a slew of corporate earnings.
* Economic data on China's giant manufacturing sector helpedboost investor sentiment, with the preliminary flash Markit/HSBCPurchasing Managers Index showing a 50.9 reading in October,above September's final reading of 50.2 and marking aseven-month high.
* Investors will eye weekly initial jobless claims data dueat 8:30 a.m. EDT (1230 GMT) for signs of improvement after therecent disappointing payrolls report. Economists in a Reuterssurvey forecast a total of 340,000 new filings compared with358,000 in the prior week.
* The U.S. flash Markit Manufacturing PMI for October willbe released at 8:58 a.m. (1258 GMT). Economists in a Reuterssurvey forecast a reading of 52.5 compared with a finalSeptember level of 52.8.
* Corporate earnings will continue to pour in, with 47 S&P500 components expected to report, including MicrosoftCorp, 3M Co and Amazon.com Inc.
* S&P 500 futures rose 7.9 points and were above fairvalue, a formula that evaluates pricing by taking into accountinterest rates, dividends and time to expiration on thecontract. Dow Jones industrial average futures gained 67points and Nasdaq 100 futures added 14.75 points.
* U.S. stocks fell on Wednesday as shares of heavy-equipmentmaker Caterpillar and semiconductor companies tumbled after theyreported earnings, ending the S&P 500's four-session streak ofrecord high finishes.
* PulteGroup Inc the No.2 U.S. homebuilder, saidorders fell 17 percent in the third quarter as higher interestrates delayed home sales.
* Symantec Corp dropped 12.7 percent to $21.50 inpremarket trading after the maker of Norton anti-virus software,reported lower-than-expected second-quarter revenue and forecastcurrent-quarter results below expectations.
* According to Thomson Reuters data through Wednesdaymorning, of the 160 companies in the S&P 500 that have reportedearnings, 66.3 percent have topped Wall Street expectations,above the 63 percent beat rate since 1994 and roughly in linewith the 66 percent rate over the past four quarters.
* On a revenue basis, 53.8 percent of reporting companieshave beaten analysts' expectations, below the 61 percent beatrate since 2002 but above the 49 percent rate for the past fourquarters.
* Miners led a rebound in European shares, driven bybetter-than-expected manufacturing data from China, the world'slargest consumer of raw materials.
* Chinese shares slipped in volatile trade as a furtherspike in China's money-market rates tempered the effect of asurvey showing a pick-up in manufacturing.
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