Stock index futures pointed to a higher open on Wall Street on Thursday, bouncing back from the previous session's sell-off, as investors digested news that car parts maker Visteon
At 5:11 a.m. EDT, futures for the S&P 500 were up 0.4 percent, Dow Jones futures were up 0.3 percent and Nasdaq 100 futures were up 0.4 percent.
U.S. auto parts maker Visteon Corp
General Motors Corp
GM shares in Frankfurt
President Barack Obama said the U.S. economy was past the worst. It's safe to say we have stepped back from the brink, Obama told a fundraiser in Beverly Hills. There is some calm that didn't exist before.
Also, General Electric
European shares were down 1.3 percent in a broad retreat in early trade on Thursday, tracking a decline on Wall Street, with banks such as HSBC
On the macro front, investors were bracing for monthly durable goods orders data, due at 8:30 a.m. EDT, weekly jobless claims, due at 8:30 a.m. EDT, and new home sales data, due at 10:00 a.m. EDT.
U.S. stocks dropped on Wednesday as rising yields on U.S. government debt fueled concern that businesses and consumers could face higher borrowing costs, which could hamper an economic recovery.
The Dow Jones industrial average <.DJI> fell 173.47 points, or 2.05 percent, to end at 8,300.02. The Standard & Poor's 500 Index <.SPX> was down 17.27 points, or 1.90 percent, at 893.06. The Nasdaq Composite Index <.IXIC> was down 19.35 points, or 1.11 percent, at 1,731.08.
(Reporting by Blaise Robinson; Editing by David Cowell)