US stock futures up ahead of economic reports

By FRANCESCA LEVY | June 9, 2011 | 8:15 AM EDT

FILE - In this June 3, 2011 file photo, specialist John Urbanowicz works on the floor of the New York Stock Exchange. World stock markets fell Thursday, June 9, as expectations grew that the European Central Bank may hike interest rates soon to ward off inflation while a Federal Reserve report added to evidence of a U.S. economic slowdown. (AP Photo/Richard Drew)

NEW YORK (AP) — Stock futures are rising as investors await a raft of government reports about the state of the economy. The market's major indicators have fallen for six straight sessions.

Ahead of the opening bell Thursday, Dow Jones industrial average futures are up 41, or 0.3 percent, at 12,071. Standard & Poor's 500 index futures are up 5, or 0.4 percent, at 1,282. Nasdaq 100 futures are up 8, or 0.3 percent, at 2,255.

The Labor Department will report on the number of new applications for unemployment benefits last week. The number is expected to dip slightly from last week to 419,000. A number below 375,000 signals jobs are growing.

The government will report on the size of the trade deficit in April. Economists expect the deficit to have widened slightly from its March level.