US futures up on GM results, steady European rates

Published:

NEW YORK (AP) -- U.S. stock market futures are rising modestly after General Motors Corp. posted first-quarter results that beat Wall Street expectations and the European Central Bank kept interest rates unchanged.

Dow Jones industrial average futures are up 0.11 percent at 13,218. Standard & Poor's 500 futures are up 0.15 percent at 1,399.60. Nasdaq 100 futures are gaining 0.17 percent to 2,732.25.

GM says its first-quarter profit fell, hurt by losses in Europe. But a strong performance in North America helped lift results above analysts' forecasts.

European markets are higher. Britain's FTSE 100 index is up 0.5 percent. Germany's DAX is up 0.8 percent. The CAC-40 in France is 1.1 percent higher.

U.S. retail stocks will get the spotlight Thursday. Costco Wholesale Corp. and Target Corp. posted smaller April sales gains than expected.

Want to leave your comments?

Sign in or Register to comment.