Stocks- U.S. Futures Rise as Market Recovery Continues
Investing.com - U.S. futures pointed to a higher open on Wall Street on Thursday, with the Dow on track for triple digit gains as investor sentiment continued to recover following a heavy equity market selloff in October.
The S&P 500 futures were up around 15 points or 0.54% by 6:55 AM ET (10:55 GMT), while Dow futures added on 142 points, or 0.56%. The tech heavy Nasdaq 100 futures gained 34 points, or 0.49%.
October was a rough month for U.S. stocks, with the S&P 500 recording its worst month in seven years as fears over rising interest rates, global trade conflict and some disappointing earnings results spooked investors.
Investors remained focused on corporate earnings results and economic data.
Apple (NASDAQ:AAPL) was due to report its latest financial results after the close, with analysts expecting adjusted earnings per share of $2.78 for its fiscal fourth-quarter on revenue of $61.43 billion.
In addition to those top- and bottom-line numbers, investors will be paying close attention to iPhone unit sales. Growth in Apple's services business will also be in focus.
Other companies reporting earnings after the close include Starbucks (NASDAQ:SBUX), Weight Watchers (NASDAQ:WTW), Kraft Heinz (NASDAQ:KHC) and GoPro (NASDAQ:GPRO).
Shares in DuPont (NYSE:DWDP) moved sharply higher ahead of the open after it reported third quarter earnings that beat expectations and announced a new $3bn stock buyback program.
Spotify (NYSE:SPOT) shares rallied in premarket trade after the music-streaming company reported that it swung into a profit in the third quarter and beat revenue expectations.
Weekly jobless claims data is due at 08:30 AMET and will be followed by the October reports on manufacturing activity from Markit Economics and the Institute of Supply Management at 9:45AM ET and 10AM ET respectively.
Reports on construction spending and auto sales for October are also on the agenda.
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