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) -- U.S. stock futures surged alongside global markets Thursday and pointed to a much stronger open after Irish Finance Minister Brian Lenihan said Ireland may seek aid for its banks at the end of meetings with the

European Union

and the

International Monetary Fund


Futures for the

Dow Jones Industrial Average

were up by 90 points, or 102 points above fair value, at 11,085. Futures for the

S&P 500

were 13 points higher, or 14 points above fair value, at 1190, and


futures were ahead by 25 points, or 24 points above fair value.

Stocks saw a mixed close Wednesday after the previous session's steep selloff as financial stocks weighed.

Global stocks soared on signs that Ireland would accept aid for its banks, curtailing concerns about eurozone contagion. On Thursday, Irish Central Bank Governor Patrick Honohan told Irish broadcaster RTE that

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Ireland would likely seek a bailout from the EU and the IMF worth tens of billions of euros.

Hong Kong's Hang Seng gained 1.8% and Japan's Nikkei jumped 2.1% higher. The FTSE in London was up 1.3% and the DAX in Frankfurt was ahead by 1.4%.

The euro rose against the dollar to $1.3652, from $1.3515 late Wednesday and the dollar traded lower against a basket of foreign currencies with the dollar index down 0.7%.

The weaker dollar lifted commodity prices. The January crude oil contract was up by $1.17 to trade at $82.21 a barrel. The December gold contract was up by $19.20 to $1,356.10 an ounce.

The number of people filing for unemployment insurance for the first time rose to 439,000 in the week ended Nov. 13, from a previous 437,000. According to, economists had expected the number of initial jobless claims to rise to 442,000 from the prior week's initially reported level of 435,000.

At 10 a.m. EST, economists expect the Conference Board to report a 0.6% increase in October leading indicators, according to That compares with September's growth of 0.3%.

At the same time, the market will get a read on November manufacturing activity in the Philadelphia region. According to, economists expect a Philadelphia Fed index reading of 5 after October's level of 1.

General Motors


sold roughly 478 million shares in its initial public offering at $33 each on Wednesday. Its joint venture partner in China,

SAIC Motor

, bought a nearly 1% stake in the company.

Shares of



were up 4.1% to $51.25 after the storage and data management company surpassed analysts' expectations with earnings of 52 cents a share.

Shares of

Limited Brands


were trading 5.4% higher to $33.60 ahead of Thursday's opening bell after the retail company exceeded third-quarter expectations, lifted its full-year outlook and announced a buyback of up to $200 million.

Shares of

Sears Holdings


were down by 4.1% to $63.48 in early trading after it reported a wider third-quarter loss of $1.98 a share, disappointing expectations for a loss of $1.08 a share. Sales fell 5% to $9.68 billion, missing estimates for revenue of $9.89 billion.

The benchmark 10-year Treasury note declined 13/32, lifting the yield to 2.930%.


--Written by Melinda Peer in New York


Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.