US Stock Futures Move Up On INTC’s Results

US stock futures moved up today after investors cheered better-than-anticipated earnings from Intel

. While futures on the Dow Jones Industrial Average climbed 27 points to 10315, those on the S&P 500 gained 2.8 points to 1092.50. Futures on the technology-laden Nasdaq 100 advanced 13.50 points, or 0.7%, to 1856. Apart from INTC, chip equipment maker ASML Holding NV

reported strong quarterly earnings. On the economic front, traders are awaiting the release of data on June retail sales. The Federal Reserve's FOMC will also be reporting the minutes from its June 23 meeting. Strategists at Deutsche Bank AG

said in a research note, “The key focus today will be on U.S. retail sales.” Analysts are expecting headline sales to decline by 0.3% and sales, excluding autos, to fall by 0.1%. On the corporate front, hotel operator Marriott International Inc

is set to announce its quarterly results later in the day. BP Plc

is also drawing attention today after it delayed a critical test to determine whether it can close its ruptured oil well in the Gulf of Mexico. Overseas, markets were mixed. While INTC’s results pushed Asian shares up, European equities, except for the technology stocks, were mostly lower. Read more