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U.S. stock futures rose as better-than-expected earnings reports from Research In Motion and Oracle late Thursday reinforced confidence in the ability of companies to increase profits next year.
Stocks rallied Thursday to their highest levels in at least 8 months, as investors eyed the latest batch of better-than-expected profit reports or forecasts and a report that suggested the labor market is starting to stabilize.
A cautious forecast from FedEx Corp. is giving investors another reason to worry about the economy. Stocks fluctuated in a tight range Wednesday after FedEx issued a weaker-than-expected profit forecast and downbeat comments about what it sees ahead for the economy.