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U.S. futures moving higher as corporate profits roll

on April 23, 2013 8:24 AM

NEW YORK (AP) — Stock futures are moving higher on more strong earnings from U.S. corporations, and ahead of new data expected to show that the number of homes being built is approaching levels last seen more than four years ago.

Dow Jones industrial futures are up 53 points to 14,552. S&P futures have added 3.1 points to 1,559. Nasdaq futures are up 12.25 points to 2,809.50.

DuPont, the chemical maker, reported first-quarter profits Tuesday that more than doubled as its agricultural unit did brisk business. Travelers insurance and Coach are soaring in premarket trading after big quarters.

Apple posts earnings after the market closes.

The Commerce Department releases new home figures and most economists expect a slight uptick from March, which would be close to record highs reached just before the housing collapse.

Copyright 2013 The Associated Press.

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