News Column

U.S. Futures Boosted by Strong Corporate Earns

October 25, 2013

Associated Press

UPS beat Wall Street expectations with its third-quarter earnings Friday. (Associated Press)

NEW YORK (AP) Stock futures are rising again and U.S. markets appear to be headed for a positive week, driven by resurgent corporate earnings.

Dow Jones industrial futures are up 8 points to 15,462. S&P futures have tacked on a half a point to 1,749. Nasdaq futures are up 11.25 points to 3,382.25.

The Nasdaq and the S&P are up more than 4 percent this month, with the latter hitting new record highs throughout the week and the tech heavy Nasdaq rising to 13-year highs.

Amazon.com, Microsoft and Zynga were all up more than 6 percent in premarket trading Friday on surprisingly strong quarterly numbers released late Thursday.

UPS beat Wall Street expectations with its third quarter earnings Friday and profit at Procter & Gamble rose 8 percent in its most recent quarter.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Original headline: US futures rising again on strong corporate earns


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Source: Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.