Stocks were facing a slightly higher open Thursday as traders prepared to try and extend Wall Street's winning streak to a fifth session.
Futures on the
were up 0.7 points to 1329.80, trading around 2 points above fair value. Nasdaq 100 futures were higher by about 0.8 points at 1643.50 and were 1 point ahead of fair value.
On Wednesday, the
Dow Jones Industrial Average
rose 45.23 points, or 0.39%, to 11,543.32, and the S&P 500 tacked on 4.96 points, or 0.38%, to 1318.07. The
added 11.85 points, or 0.53%, to 2227.67.
surged 2.8% and helped lift the Dow, but a day later UBS cut its rating on the planemaker to reduce from neutral and lowered its price target on the stock by $11 to $74.
was in the headlines again, as
The Detroit News
reported that based on internal forecasts, the automaker believes its worldwide car operations could lose nearly $6 billion this year. The report went on to say that Ford overall might lose up to $9 billion including restructuring costs.
After the close
, a chipmaker, lowered its guidance for fiscal second-quarter sales, citing weaker-than-expected results from the Asia-Pacific region.
Away from stocks, oil prices were firming for a second day. The October crude contract was lately gaining 50 cents to $64.47 a barrel. Most other energy prices were higher as well.
Gold futures added $3.70 to $600 an ounce, and silver was up 23 cents to $11.43 an ounce.