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Article: Stock futures slightly higher amid latest earnings
- Article from:
- AP Online
- Article date:
- July 23, 2009
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U.S. stock futures are pointing to a slightly higher opening Thursday amid a barrage of earnings news.
The rise in futures comes after gains in Asia and amid relatively flat markets in Europe.
The day's earnings news was generally positive, but there were still some reports that were cause for concern.
Ford Motor Co. surprised the market with a second-quarter profit of $2.3 billion due mainly to a huge gain for debt reduction, while drugmaker Wyeth, cigarette maker Philip Morris International Inc. and candy maker Hershey Co. all raised their profit forecasts for the year.
A report from UPS Inc., however, was less upbeat. The world's largest shipping carrier said its second-quarter profit ...