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Futures were pointing to a higher open for Wall Street Thursday as the pace of corporate earnings picked up and several companies posted better results than had been expected.

S&P 500

futures were up 0.6 points to 1359.70, nearly 3 points above fair value. Nasdaq 100 futures were gaining 1.3 points to 1707.75 and were 2.7 points ahead of fair value.

When trading begins, the market will be trying to bounce back from a minor selloff Wednesday, when the major indices closed slightly lower in the wake of disappointing results from

Alcoa

(AA) - Get Alcoa Corporation Report

and

Genentech

(DNA)

.

The

Dow Jones Industrial Average

lost 15.04 points, or 0.13%, to 11,852.13, after having been down as many as 50 points earlier. The S&P 500 was off 3.47 points, or 0.26%, at 1349.95, and the

Nasdaq Composite

shed 7.16 points, or 0.31%, to 2308.27.

Stocks took an initial hit after a small airplane crashed into a building on 72nd Street in New York City, but pared their losses after officials said the incident wasn't the result of terrorism. However, the accident did kill two people, one of them New York Yankees pitcher Cory Lidle, who was believed to be piloting the plane.

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Among the early earnings reporters, warehouse retailer

Costco

(COST) - Get Costco Wholesale Corporation Report

topped estimates, as did motorcycle maker

Harley-Davidson

(HOG) - Get Harley-Davidson, Inc. Report

.

PepsiCo

(PEP) - Get PepsiCo, Inc. Report

also got past estimates, and the soda and snack maker offered a profit forecast that was in line with expectations.

Elsewhere, real estate concern

CB Richard Ellis Group

(CBG)

could see buying interest after Standard & Poor's said it will replace

BellSouth

(BLS)

in the S&P 500 after the close of trading. BellSouth is being acquired by

AT&T

(T) - Get AT&T Inc. Report

.

To view Farnoosh Torabi's video take on today's market, click here