MW: U.S. stock futures up after Research In Motion, Oracle profits
By Steve Goldstein, MarketWatch
A earlier version mentioned economic reports that are not due for release on Friday.
LONDON (MarketWatch) -- U.S. stock futures rose Friday as reports from Research In Motion, Oracle and Nike reinforced confidence in the ability of companies to grow profits next year.
S&P 500 futures rose 6.7 points to 1,100.90 and Nasdaq 100 futures gained 6.75 points to 1,792.20. Futures on the Dow Jones Industrial Average rose 52 points.
Concerns over rising interest rates, FedEx's outlook and the health of Greece's finances combined to send U.S. stocks lower and the dollar higher on Thursday, with the Dow Jones Industrial Average dropping 132 points, the Nasdaq Composite dropping 26 points and the S&P 500 falling 13 points.
Friday is a so-called triple-witching day when key contracts on stock futures, index options and equity options all expire.
Attention also will be on Copenhagen as world leaders including President Barack Obama gather in a bid to create a pact designed to tackle climate change. One draft of a deal would call for a temperature cap and a $100 billion fund for poor nations but not adopt carbon-emissions-reduction targets.
The Bank of Japan, in keeping interest rates unchanged, said it wouldn't tolerate inflation equal or below zero, a move which helped the dollar rise to 90.26 yen from 89.87 yen.
Boeing (BA 54.47, -0.66, -1.20%) will be in the spotlight as Irish carrier Ryanair (RYAA.Y 25.49, +0.17, +0.67%) ended talks about buying 200 planes.
There were several key earnings reports released late Thursday, including from smart-phone makers Research In Motion (RIMM 63.46, -1.21, -1.87%) and Palm (PALM 11.72, +0.11, +0.95%) .
Research In Motion jumped 12% in Frankfurt as the maker of the BlackBerry reported a 59% jump in third-quarter profit, topping estimates on both earnings and shipments.
Palm meanwhile fell 10% as it narrowed its quarterly loss but also reported data suggesting a potential slowdown in sales of new handsets, the Pre and the Pixi.
Oracle (ORCL 22.88, -0.24, -1.04%) rose 4% in Frankfurt as the business-software maker topped expectations with a 12% profit rise.
Nike (NKE 63.25, -0.80, -1.25%) meanwhile reported a 4% profit fall but showed rising orders.
Accenture (ACN 41.66, -0.18, -0.43%) -- which unlike Nike decided to axe Tiger Woods as its pitchman -- reported a 7% profit fall and guided for current quarter revenue below Wall Street estimates.
Carnival (CCL 33.36, -0.46, -1.36%) edged up in London ahead of their earnings, as investors wait to hear if the cruise ship operator resumes paying dividends.
Resource plays led Asia markets lower, with the Hang Seng losing 0.8% in Hong Kong. The pan-European Dow Jones Stoxx 600 added 0.8%, as most sectors outside of financials advanced.
Oil futures climbed 76 cents a barrel, while gold futures fell $1.20 an ounce.