Skip to main content

Futures Rise on Tech Earnings Beats

Stock futures were pointing to a higher open Friday after Oracle and Research In Motion posted better-than-expected earnings results.



) -- Stock futures were pointing to a higher open Friday, lifted by the previous session's late earnings news, as investors absorbed news that core consumer prices remained unchanged in August.

Futures for the

Dow Jones Industrial Average

were up by 22 points at 10,572 and were 43 points above fair value. Futures for the

S&P 500

were higher by 3 points at 1125 and were 6 points above fair value, and


futures were ahead by 7 points and were 11 points above fair value.

After Thursday's closing bell, both


(ORCL) - Get Oracle Corporation Report


Research In Motion


Scroll to Continue

TheStreet Recommends

reported better-than-expected results.

Prices at the consumer level ticked 0.3% higher in August, after a similar rise in July, the Labor Department said. Excluding volatile food and energy prices, the core rate was unchanged, coming in slightly lower than the increase of 0.1% that economists had been expecting, according to In July, the core rate rose 0.1%.

Market watchers are anticipating improved consumer confidence in September. According to, economists are looking for a reading of 70.5 when the University of Michigan releases its monthly index at 9:55 a.m. ET, compared with August's level of 68.9.

Johnson & Johnson

(JNJ) - Get Johnson & Johnson Report

, which owns nearly 18% of Dutch biotech company


, is in advanced talks to acquire the rest for roughly $2.3 billion in cash.

Enterprise software company



is apparently in late-stage talks with at least two buyers -- including


(VMW) - Get VMware, Inc. Class A Report

-- to sell the company in separate pieces, according to a

Wall Street Journal


Late Thursday,

Texas Instruments

(TXN) - Get Texas Instruments Incorporated Report

, announced plans to increase its quarterly dividend by 8% and buy back $7.5 billion worth of its stock.

In commodity markets, crude oil for October delivery was trading 10 cents higher at $74.67 a barrel, and the more actively traded November contract was up by 37 cents at $76.11 a barrel. Meanwhile, the December gold contract was higher by $3.80, trading at $1,277.60 an ounce.

Meanwhile, the dollar was trading slightly higher against a basket of currencies, with the dollar index up by 0.04%.

The benchmark 10-year Treasury note was up by 17/32, diluting the yield to 2.703%.

Overseas, Hong Kong's Hang Seng rose 1.3%, while Japan's Nikkei jumped 1.2%. The FTSE in London was adding 0.2%, while the DAX in Frankfurt was down by 0.09%.

--Written by Melinda Peer in New York


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