Futures set to extend earnings-fueled rally
NEW YORK (Reuters) – Stock index futures rose on Thursday, indicating the market would rally for a third day, following gains on Wednesday that took the S&P 500 to its highest level since May. Corporate earnings continue to be a focus, and investors were cheered by IBM ‘s move to raise its full-year profit forecast late on Wednesday. That bucked a recent trend of tech companies – such as Intel Corp and Qualcomm Inc – lowering their outlooks, which analysts feared could have negative broader implications as the sector is considered a proxy for business spending. . . .
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