Rochester, NY 8/22/2009 7:25:05 AM
NetApp Inc. NTAP , Signal updates Stock Futures Up After China Market Gains
NetApp Inc.
U.S. stock futures on Thursday edged higher as gains in China were partly offset by a disappointing loss for retail giant Sears Holdings. Off early highs, S&P 500 futures rose 2.8 points to 999.90 and NASDAQ 100 futures added 1.2 points to 1600. Futures on the Dow Jones Industrial Average rose 19 points.
Led higher by energy plays after an unexpected drop in U.S. inventories, U.S. stocks closed higher on Wednesday. The Dow Jones Industrial Average rose 61 points after dropping early in the session, the S&P 500 rose 6 points and the NASDAQ Composite tacked on 13 points. Commodity plays also led the way in Asia, where the Shanghai Composite closed 4.5% higher after entering a bear market on Wednesday.
Worries about China, whose demand is seen as helping the global economy climb out of recession, have contributed to a decline in the S&P 500 this week.
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