By Nikolaj Gammeltoft Feb. 1 (Bloomberg) -- U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index may rebound from a three-month low, after Americans’ income increased more than economists estimated. Equities climbed after the Commerce Department said income advanced 0.4 percent in December, beating the 0.3 percent median economist forecast. Exxon Mobil Corp. gained 2.1 percent after the largest U.S. oil company reported more profit than analysts estimated on average. Citigroup Inc. added 1.6 percent after people familiar with the matter said the bank plans to sell or split off its $10 billion Citi Private Equity unit. S&P 500 futures expiring in March rose 0.5 percent to 1,075.9 at 8:41 a.m. in New York. Dow Jones Industrial Average futures rallied 53 points, or 0.5 percent, to 10,070. “We are seeing very few negative economic data, which shows that economic growth is picking up and even accelerating,” Jacques Porta, a fund manager at Ofi Patrimoine in Paris, which oversees about $425 million in equities, said before the report on personal spending. “There aren’t negative surprises coming from U.S. companies either. We can see some profit taking in the short term, but in the longer term I am positive for equities this year.” Almost 80 percent of S&P 500 companies have topped the average analyst profit estimate since Jan. 11, according to data compiled by Bloomberg. U.S. stocks fell on Jan. 29, sending the S&P 500 to its lowest level in almost three months and bringing its January retreat to 3.7 percent, the worst monthly performance since February 2009. Manufacturing Report The Institute for Supply Management’s factory index rose to 55.5 from a December reading of 54.9, according to the median forecast of 62 economists surveyed by Bloomberg News. Readings greater than 50 signal expansion. The Tempe, Arizona-based purchasing managers’ report is due at 10 a.m. New York time. China, the world’s third-biggest economy, sustained its manufacturing expansion in January as export orders jumped and inflation pressures grew, two surveys showed today. CME Group Inc., the world’s largest futures market, is in talks to buy the News Corp. stock-index business that owns the Dow Jones Industrial Average for up to $700 million, according to two people familiar with the matter. To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net.

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