Futures move higher on strong earnings

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Associated Press

Posted on April 25, 2013 at 8:04 AM

Updated Thursday, Apr 25 at 8:05 AM

NEW YORK (AP) — Stock futures rose Thursday with U.S. corporate earnings continuing to impress.

Dow Jones industrial futures rose 58 points to 14,673. The broader S&P futures added 7.8 points to 1,581.90. Nasdaq futures are up 18 points to 2,842.

On top of strong earnings from the likes of Harley-Davidson, Southwest Airlines and Dow Chemical, the government said that unemployment benefit applications fall to 339,000, second-lowest level in 5 years.

That was better than most economists had expected and further tamped down apprehensions about a terrible jobs report from March.

There are more earning on the way in one of the busiest weeks of the quarter for U.S companies.

Also reporting Thursday are UPS, United Continental, Starbucks and Expedia.

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