U.S. stock futures rose, signaling the Standard & Poor’s 500 Index will extend its two-day rally, as companies from EBay Inc. to International Business Machines Corp. (IBM)reported earnings that topped estimates.
EBay, the world’s largest Internet marketplace, jumped 6 percent in Germany. IBM gained 2.4 percent as the biggest computer-services provider also raised its full-year profit forecast. Qualcomm (QCOM) Inc. increased 4.9 percent after results showed consumers in emerging markets are trading up to next- generation mobile-phone handsets.
S&P 500 futures expiring in September advanced 0.3 percent to 1,371.1 at 11:02 a.m. inLondon after the benchmark gauge climbed 1.4 percent over the past two days. Contracts on the Dow Jones Industrial Average rose 45 points, or 0.4 percent, to 12,905 today.