The U.S. stock market futures were follow the world markets narrowly higher on mixed of the corporate earnings.
The U.S. stock market futures were up narrowly after the Friday’s massive selloff, despite mixed on the quarterly posts from some top companies. The Dow Jones futures were up 17 points at 13,269. The S&P 500 futures gained 2.1 to 1,426. The Nasdaq 100 futures were gaining 9.2 to 2,673. With a little economic data due, the corporate earnings are in focus. The third quarter results of the Caterpillar Inc. came in ahead of the Wall Street forecasts, but the construction equipment maker slash its 2012 outlook because of the weakening global economy. Meanwhile, the companies were cater to the consumers, such; the toy maker Hasbro Inc. and the clothing maker VF Corp., that had reported its better than expected results.
The European markets closed slightly higher, even as the markets closed a bit higher, the focus remained on the tech sector, which has reported its disappointing results so far. Yahoo Inc. will post its result after the market close on Monday. Besides that, the Asian markets gained also in this trading season.