Stock Market Today: Futures Rise Despite Malaysia Air Crash, Gaza Invasion

NEW YORK (TheStreet) -- U.S. stock futures were rising Friday as investors bought equities following the prior session's geopolitical risk-driven pullback.

Futures for the Dow Jones Industrial Average were up 21 points, or 51.19 points above fair value, to 16,958. Futures for the S&P 500 were up 4.5 points, or 5.98 points above fair value, to 1,958. Futures for the Nasdaq were up 10.3 points, or 15.74 points above fair value, to 3,886.3.

Benchmark stock indices slid into the close Thursday after the markets were rattled by news that a Malaysia Airlines jet was shot down over Eastern Ukraine, killing all 298 people on board. European markets were playing catch-up Friday, tracing New York and Asia down.

Bloomberg reportd that U.S. military and intelligence officials are saying that the plane appears to have been downed by a Russian-made, air-defense missile known as the SA-11 or Buk. As Russia and Ukraine continued to blame one another for the tragedy, it remains unconfirmed who fired the missile at the airliner or whether those responsible knew they were shooting at a commercial flight, Bloomberg reported.

Adding to market stressors is Israel's launch of a ground invasion of Gaza. Israeli troops and heavy equipment have been rolling across the border with the aim of destroying Hamas infrastructure.

U.S. economic indicators scheduled for Thursday include July's University of Michigan Consumer Sentiment Index at 9:55 a.m. EDT, and the  Conference Board's Index of Leading Indicators for June at 10 a.m.

Corporate headlines Thursday are focusing on stocks including AbbVie (ABBV), Shire (SHPG), Google's (GOOGL), General Electric (GE), IBM (IBM), Hewlett-Packard (HPQ), FedEx (FDX), Apple (AAPL), and Amazon (AMZN).

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