Updated to include earnings from Bank of America and Morgan Stanley

NEW YORK (

TheStreet

) -- U.S. stock futures turned slightly higher Thursday in a big earnings day from banks and tech giants.

European stocks were mostly higher on hopes for Greece's debt-reduction talks with private creditors and amid a successful bond auction from Spain.

Asian stocks finished higher Thursday. Japan's Nikkei 225 index rose 1% to close at 8,639.68, and Hong Kong's Hang Seng rose 1.3%.

Stocks in the U.S. rose Wednesday, with the

S&P 500

settling above 1,300 for the first time since late July..

The

Dow Jones Industrial Average

closed up 97 points, or 0.5%, to 12,545. The S&P 500 was up 14 points, or 1.1%, to 1,308. The

Nasdaq

rose 42 points, or 1.5%, to 2,770.

The economic calendar in the U.S. on Thursday includes weekly initial and continuing jobless claims at 8:30 a.m. EST, the consumer price index for December at 8:30 a.m., housing starts and building permits at 8:30 a.m. , and the Philadelphia Fed survey of regional manufacturing activity at 10 a.m.

Economists are calling for initial claims to dip down to 385,000 from 399,000 last week.

Bank of America

(BAC) - Get Report

earned $2 billion, or 15 cents a share, in the fourth quarter, meeting the estimates of analysts polled by Thomson Reuters.

Revenue in the quarter rose 11% to $25.1 billion.

Morgan Stanley

(MS) - Get Report

posted a loss of 14 cents a share, narrower than the loss of 58 cents a share that analysts expected.

Tech giants

Google

(GOOG) - Get Report

,

Intel

(INTC) - Get Report

,

Microsoft

(MSFT) - Get Report

and

IBM

(IBM) - Get Report

report earnings after the closing bell Thursday.

Eastman Kodak

(EK)

, the 131-year-old photo film maker, filed for Chapter 11 bankruptcy protection.

Kodak, of Rochester, N.Y., said it obtained a $950 million, 18-month credit facility from

Citigroup

to keep it in business.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

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