Stock index futures point to higher start
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were up 0.2 to 0.3 percent by 3.53 a.m. ET, pointing to a firmer start on Wall Street on Friday.
Shares of Boston Scientific Corp
Commerce Dept releases at 10 a.m. wholesale inventories for February. Economists in a Reuters survey forecast inventories to rise by 0.4 percent versus a drop of 0.1 percent in January.
U.S. Federal Reserve officials again reiterated their commitment to low interest rates for an extended period on Thursday, given the fragile nature of the economic recovery, and suggested a reduction in the size of the central bank's balance sheet could take as long as two decades.
At 1430 GMT, Economic Cycle Research Institute (ECRI) releases its weekly index of economic activity for April 2. In the prior week the index read 131.9.
Shares of Ambac Financial Group Inc
News Corp's
Shares of Joe's Jeans Inc
Oil rebounded to trade above $86 a barrel after two days of declines, as positive U.S. economic indicators and views that China may revalue its currency bolstered expectations for sustained energy demand growth.
Constellation Brands, maker of Robert Mondavi and Clos du Bois wines, reports fourth-quarter results.
The pan-European FTSEurofirst 300 <.FTEU3> index of top shares rose 1.1 percent in early trade on Friday, recouping the previous session's losses <.EU>, while Japan's Nikkei average <.N225> rose 0.3 percent on Friday, with gains in retailers offsetting profit-taking in the wake of the index's recent rally to 18-month highs <.T>.
U.S. stocks gained on Thursday after surprisingly strong March retail sales increased optimism that the economic recovery is on track.
The Dow Jones industrial average <.DJI> gained 29.55 points, or 0.27 percent, to 10,927.07. The Standard & Poor's 500 Index <.SPX> rose 3.99 points, or 0.34 percent, to 1,186.44. The Nasdaq Composite Index <.IXIC> added 5.65 points, or 0.23 percent, to 2,436.81.
(Reporting by Atul Prakash; editing by Simon Jessop)
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