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Stock Futures Gain as Weak Jobs Data Fuels Stimulus Forecasts, Delta Pops

Tickers in this article: DAL DD TRV UTX ^DJI ^GSPC ^IXIC

NEW YORK ( TheStreet) -- Stock futures were edging higher Tuesday as investors balanced upbeat earnings from Delta Air Lines and Travelers Companies  with a worse than expected government job creation report that fueled expectations that the  Federal Reserve  will delay any tapering until early 2014 at the earliest. Apple shares were also providing a boost, rising ahead of its iPad event in San Francisco.

Futures for the  S&P 500  were up 5.75 points, or 4.94 points above fair value, to 1,744. Futures for the  Dow Jones Industrial Average were ahead by 52 points, or 40.35 points above fair value, to 15,374. Futures for the  Nasdaq were up 13.3 points, or 21.07 points above fair value, to 3,367.3.

Delta Air Lines  shares were advancing 3.8% to $25.62 after beating earnings estimates , reducing debt, paying a dividend and buying back shares. The moves were underscoring its commitment to lure investors back to the airline industry.

Travelers Companies  was rising 2% to $88.50 after the insurance company exceeded third-quarter earnings expectations by 28 cents at $2.35 a share as underwriting margins strengthened. The company also added $5 billion to its share repurchase program.

Netflix reported third-quarter earnings that beat Wall Street estimates and the streaming video company said it topped 40 million total subscribers.  Shares were jumping 10.99% to $394.

United Technologies , the world's largest maker of elevators and air conditioners, was falling 0.58% to $107, after surpassing third-quarter earnings by a penny at $1.55 a share on worse than expected sales amdi the ongoing weakness in military aerospace markets and slow pace of recovery in Europe. The company is now expecting full year sales of about $63 billion, down from the previous estimate of $64 billion.

duPont shares were edging down 0.15% to $59.37 after the chemicals company posted third-quarter earnings of 45 cents a share, topping expectations by four cents, on revenue that matched estimates. Robust results at the company's divisions that produce solar panel parts and bullet proof vests offset weakness at its Performance Chemicals unit during the quarter.

Apple is holding an iPad event Tuesday in San Francisco at which its expected to refresh the company's second-largest driver of revenue, behind the iPhone. Apple's iPad-centric event could be its most important since the original iPad was announced, according to  Cantor Fitzgerald  analyst Brian White. Shares were edging up 0.46% to $523.77. Shares were rising 1.12% to $527.19.

The U.S. work force added 148,000 jobs in September, the Labor Department said Tuesday. Meanwhile, the unemployment rate fell to 7.2% from 7.3% the previous month. Economists, on average, were expecting an addition of 180,000 jobs and the unemployment rate is expected to stay at 7.3%, according to a Thomson Reuters poll of economists.