U.S. Index Futures Rise as Earnings Pick Up Pace, EBay Rallies

U.S. stock-index futures rose after quarterly profits at EBay Inc. and Texas Instruments Inc. beat projections and investors watched for more reports to gauge the health of corporate America.

Microsoft Corp., Amazon.com Inc. and McDonald’s Corp. are among 46 companies in the Standard & Poor’s 500 Index posting results today. EBay and Texas Instruments rallied 8.4 percent or more in early New York trading after their quarterly sales also exceeded estimates.

E-mini contracts on the S&P 500 expiring in December rose 0.3 percent to 2,015 at 10:55 a.m. in London. The benchmark measure closed at a one-week low yesterday after a volatile session spurred by a short-seller attack on Valeant Pharmaceuticals International Inc. Contracts on the Dow Jones Industrial Average gained 40 points today to 17,096.

Volatility across global markets is dissipating after whipsawing stocks, bonds and commodities for two months. The Bank of America Merrill Lynch Market Risk Index is at its lowest level since August, while the Chicago Board Options Exchange Volatility Index of U.S. equity turbulence recently posted the longest streak of daily declines since 2009.

Source : Bloomberg

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