Stock Futures Rise on Upbeat Economic Data
Gold for February delivery was down 10 cents at $1,683.10 an ounce at the Comex division of the New York Mercantile Exchange, while February crude oil futures were up 35 cents at $94.59 a barrel.
The benchmark 10-year Treasury was down 7/32, raising the yield to 1.85%. The dollar was down 0.21%, according to the U.S. dollar index.
In corporate news, Boeing's 787 Dreamliner has been grounded in Europe after the United States grounded the planes and ordered a safety review following a series of recent incidents with the aircraft.
Shares of the Dow component were sinking 1.8%.
Chipmaker Intel(INTC) reports fourth-quarter earnings after Thursday's closing bell and analysts forecast a profit of 45 cents a share, down from 64 cents a year earlier. Shares were up 0.5%.
Huntington Bancshares (HBAN) on Thursday announced fourth-quarter earnings that were "essentially unchanged" from the third quarter, but underlying revenue trends were quite positive. Shares were rising more than 2%.
Fifth Third Bancorp (FITB) of Cincinnati on Thursday announced another quarter of very strong mortgage revenue growth and solid increases in commercial and industrial loan balances. Shares were adding close to 3%.
Hewlett-Packard(HPQ) shares climbed Wednesday following a news report that potential purchasers are evaluating the company's Autonomy and EDS units. Shares were up incrementally in premarket trading Thursday.
UnitedHealth(UNH) booked in-line fourth-quarter earnings of $1.20 a share on revenue of $28.77 billion, as increasing medical costs offset sales growth. Analysts, on average, were expecting revenue of $28.2 billion. Shares were a touch lower.
-- Written by Andrea Tse in New York.
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