LONDON Nov 29 U.S. stock index futures pointed
to a higher open on Wall Street on Thursday, with futures for
the S&P 500 up 0.6 percent at 0924 GMT.
* Dow Jones futures added 0.4 percent while contracts
on the Nasdaq 100 were 0.8 percent higher.
* Asian and European shares also rose on Thursday as hints
from U.S. policymakers of progress toward reaching a fiscal deal
boosted investors' risk appetites.
* The U.S. Commerce Department releases a second preliminary
estimate of gross domestic product for the third quarter and a
first estimate of third-quarter corporate profits at 1330 GMT.
* Third-quarter GDP growth will likely be raised to a 2.8
percent annual pace from 2 percent, thanks to restocking by
businesses and a smaller deficit on the trade balance. Given
that inventories will account for the bulk of the growth spurt,
this should not be viewed as a sign of strength in the economy.
The inventory boost is at the expense of growth in the fourth
* Retailers including Nordstrom, Gap and TJX
are expected to post increases in November sales, aided by
a busy Thanksgiving weekend. Excluding drugstores, chains are
expected to post a November same-store sales gain of 3.3 percent
according to Thomson Reuters I/B/E/S, slower than the 3.5
percent growth they saw in November 2011.
* Kroger, the biggest U.S. supermarket operator, is
expected to report third-quarter earnings per share of $0.43, up
from $0.33 on year earlier. The report will give investors
insight into spending by mainstream consumers and a read into
food costs following this summer's devastating drought.
* Upscale jeweler Tiffany & Co will also provide its
quarterly report, with EPS seen at $0.63 from $0.70 on year
earlier, and update investors on how it expects holiday sales to
* Lockheed Martin and the Defense Department are
nearing agreement on a long-delayed contract for a fifth batch
of F-35 fighter jets, the Pentagon's chief weapons buyer told
Reuters on Wednesday.
* An advisory panel to the U.S. Food and Drug Administration
on Wednesday voted that an experimental Johnson & Johnson
drug for multidrug-resistant tuberculosis appears to be
safe and effective, but highlighted potential heart and
* Mark Fields said his top priority when he starts running
Ford Motor's Co global operations next month will be to
build on the 'One Ford' plan.
* Video recorder pioneer TiVo Inc forecast net loss
for the current quarter even as legal costs stay high due to
patent lawsuits against Google Inc's GOOG.O Motorola Mobility
Inc and Cisco Systems Inc.
* ATM maker NCR Corp said it would buy Israeli
software company Retalix Ltd for $650 million in a bid
to expand its footprint in the retail sector.
* The Dow Jones industrial average rose 106.98
points, or 0.83 percent, to 12,985.11 on Wednesday. The S&P 500
gained 10.99 points, or 0.79 percent, to 1,409.93. The
Nasdaq Composite added 23.99 points, or 0.81 percent, to
close at 2,991.78.