Futures rising on strong US earnings
NEW YORK (AP) — Stock futures are rising with some major U.S. corporations topping expectations and raising outlooks.
Dow Jones industrial futures are up 30 points to 15,543. S&P futures have added 5.2 points to 1,693.50. Nasdaq futures are up 28.5 points to 3,054.50.
Ford beat most Wall Street projections Wednesday, posting a $2.3 billion in profit in North America as pickup sales boomed.
Ford raised its forecast and now expects its full-year pretax profit to be equal to or better than the $8 billion it reported a year ago.
Boeing also topped expectations due to healthy orders for its aircraft, and bumped its outlook higher as well.
One company that is down in premarket trading is Caterpillar, which is being stung by slowing growth and low commodity prices.