Updated from 7:41 a.m.

Stock futures were rising on Thursday morning as durable goods orders recovered at a far better pace than analysts had expected. Markets also resisted a major selloff in Chinese equities, instead focusing on a stabilizing commodities market. 

S&P 500 futures were up 0.12%, Dow Jones Industrial Average futures added 0.11%, and Nasdaq futures rose 0.08%.

Durable goods orders jumped 4.9% in January, rebounding after a difficult end to last year. Economists expected new orders for U.S. manufactured goods to climb 2% in January, recovering from a 5% decline in December. Excluding transportation, durable goods rose 1.8%, far steeper than an estimated 0.4% increase. 

Weekly jobless claims rose 10,000 to 272,000 in the past week, though remained near multi-year lows. The less-volatile four-week average fell 1,250 to 272,000, its lowest level since early December. 

Chinese markets slumped on Thursday as traders fretted over market liquidity and beaten-up investors exited the market after months of extreme volatility. China's Shanghai Composite tumbled 6.4%, adding to its 22% decline since the beginning of the year. It's an inopportune time for such a selloff, with central bank leaders and finance ministers to convene for the G-20 meeting in Shanghai on Friday. 

Crude oil prices appear to have stabilized around the $32 mark on Thursday after a week of extreme swings. Prices recovered from a selloff a day earlier after the Energy Information Administration said crude inventories grew by 3.5 million barrels in the past week, a smaller increase than feared. 

However, price pressures for the oil markets remain, with a deal among the Organization of Petroleum Exporting Countries still in limbo. In a speech Tuesday, Saudi Arabian Oil Minister Ali Al-Naimi dismissed the possibility of production cuts, instead arguing that by maintaining output, the market will rebalance over time as demand improves. Negotiations over a production freeze started last week as oil producers grapple with a global surplus.

Kohl's (KSS) - Get Report was rising by 2.6% on Thursday after beating estimates in its recent quarter and announcing a $600 million share buyback program. The retailer also said it plans to close 18 underperforming stores, which account for less than 1% of its total sales.  

Best Buy (BBY) - Get Report was rising by 0.86% despite issuing a disappointing outlook. The electronics retailer expects first-quarter earnings between 31 cents and 35 cents a share, below estimates of 39 cents. Same-store sales are forecast to fall 1% to 2%, far sharper than an estimated 0.1% decline. The company also announced a 22% increase in its quarterly dividend and a new $1 billion stock buyback plan. 

Restoration Hardware (RH) - Get Report slumped 21% in premarket trading after fourth-quarter results came in well below estimates. Adjusted earnings of 99 cents a share missed estimates of $1.39, while revenue of $647.2 million fell short of forecasts of $711 million. 

Salesforce.com (CRM) - Get Report climbed 10% on a stronger outlook. The cloud-software company expects first-quarter earnings between 23 cents and 24 cents a share, above expectations of 21 cents. 

HP (HPQ) - Get Report was falling by 4.7% after its first earnings report since spinning off its cloud business into Hewlett Packard Enterprise (HPE) - Get Report . The printer and PC company expects full-year earnings between $1.59 and $1.69 a share, exceeding consensus of $1.60.