NEW YORK (AP) — U.S. stock futures are moving higher a day after the Standard & Poor's 500 hit a record high, with developments overseas rather than in Washington driving markets.
There are also some strong quarterly earnings reports from major U.S. corporations Friday.
Dow Jones industrial futures are up 19 points to 15,315. S&P futures have gained 2.3 points to 1,730.10. Nasdaq futures are up 14 points to 3,315.
China's economy appears to be rebounding, which is driving global markets higher in early trading.
The world's second-largest economy grew by 7.8 percent in the three months ending in September, which may give Beijing more room to allow for more steady and sustainable growth going forward.
In the U.S., both General Electric and Morgan Stanley topped Wall Street expectations for the third quarter.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Original headline: US futures higher on economic data out of China
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Mercedes Rolls Out S550 Plug-in Hybrid
- Missouri GM Plant Adding 750 jobs
- Poverty Rate Drops for First Time Since 2006
- Aaron Hernandez: I Felt Helpless to Refuse Police
- Cedeno Named USHCC Businessman of the Year
- Parameters Being Drawn for IS Action
- Anheuser-Busch, Visa Voice NFL Disapproval
- Can Kobach Keep Taylor's Name on Ballot?
- Two-thirds of Hispanics Doubt Media Accuracy