Futures rising on China trade and Tesla

NEW YORK (AP) — Stock futures are rising on new evidence that China’s economy may be stabilizing, along with some strong earnings in the U.S.

Dow Jones industrial futures are up 64 points to 15,506. S&P futures have added 5.9 points to 1,694.10. Nasdaq futures are up 14.25 points to 3,130.25.

The tech heavy Nasdaq looks like it may be heading into positive territory for the week, the only major U.S. index to do so, after Groupon had a great quarter and the electric carmaker Tesla said it had paid off a Department of Energy loan nine years early.

Tesla blew away earnings expectations and its shares are up 20 percent in premarket trading Thursday.

China’s trade rebounded in July, potentially signaling the end of a six-month slowdown for the world’s second-largest economy.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s