NEW YORK (AP) — Encouraging news from Europe and China is sending stock futures higher despite another round of bleak earnings reports from U.S. retailers.
Dow Jones industrial futures are up 45 points to 14,892. S&P futures have added 7.3 points to 1,643.80. Nasdaq futures are up 18.5 points to 3,081.
HSBC Corp. said Thursday that the preliminary version of its monthly purchasing managers' index for China rose to 50.1 in August from July's 47.7. Numbers above 50 indicate an expansion.
And a monthly composite report in Europe measuring the strength of the manufacturing and services sectors hit its highest level since June 2011.
Sears and Abercrombie & Fitch, like other retailers over the past week, are seeing their shares plunge on terrible earnings reports.
The Labor Department posts weekly jobs numbers Thursday.