NEW YORK (AP) — Stock futures rose on more strong earnings from U.S. companies, though some mixed data on jobs and trade may have held gains in check Thursday.
Dow Jones industrial futures rose 60 points to 15,411. S&P futures gained 5 points to 1,746. Nasdaq futures gained 7.75 points to 3,347.75.
Ford raised its guidance for the entire year after posting a record profit for the third quarter. The automaker's revenue spiked 12 percent to $36 billion, but it's still being weighed down by the dismal economic conditions in Europe, where it booked a $250 million restructuring charge.
Southwest Airlines also had a strong third quarter, with the average fare rising more than 11 percent compared with last year.
3M beat expectations as well. The conglomerate generates more than half of its revenue from outside of the U.S. and how it does can provide hints about the broader economy and the climate for exporters.
On Thursday, the Commerce Department reported that the U.S. trade deficit widened slightly as exports slipped for a second consecutive month.
The dollar is trading near a two-year low against the euro due to concerns about the U.S. economy, which typically would benefit exporters. But Europe is still struggling, as was seen in Ford's numbers Thursday.
The government also reported Thursday that Americans seeking U.S. unemployment benefits dropped 12,000 to a seasonally adjusted 350,000 last week, though the total was elevated for the third straight week by technical problems in California.
Applications have dropped for two consecutive weeks while the less volatile four-week average jumped by nearly 11,000 to 348,250, according to the Labor Department.
Before a number of distortions skewed employment data, applications for aid had fallen to levels not seen since before the recession.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
UNM athletics is rolling out a new points program to determine which fans get access to The Pit's best seats, postseason tickets and prime parking spots.
A recent Christmas Eve tradition that's become increasingly popular in Santa Fe has been shot down.
Police said a homeowner and his 11-year-old son stopped two burglars dead in their tracks. They walked in on the alleged heist, but weren't about to let the suspected thieves get away with it, and they got creative with the way they …
What happened to one of four local officers shot in a dramatic October chase now has the attention of city, county, and even state lawmakers as they discuss proposing a policy that would ensure she will be the last first responder to get …
Albuquerque police have now identified the suspect shot by officers on Sunday, and he's a man whose past includes at least one fight with police and several other violent incidents.
Today’s top headlines with Matt Mauro, Elizabeth Alvarez and meteorologist Kristen Van Dyke.