US stock futures higher; Google beats and rises

October 14, 2011 - 7:15 AM
Wall Street

In this Oct. 12, 2011 photo, trader Peter Tuchman, right, works on the floor of the New York Stock Exchange. Asian stocks were mostly lower Friday, Oct. 14, 2011, as investors worried about uncertainty over corporate earnings and Europe's debt crisis while China said inflation eased but stayed high. (AP Photo/Richard Drew)

Stock futures are rising, helped by encouraging corporate news in the U.S. and Europe.

Google Inc. rose more than 7 percent in premarket trading after the tech giant reported its third-quarter profit climbed 26 percent. Food and soap company Unilever PLC announced a major acquisition, and Swiss agrochemicals firm Syngenta reported strong third-quarter sales.

European markets rose.

Toymaker Mattel Inc. reported a 6 percent rise in its third quarter earnings.

The government reports before the market opens on retail sales in September, a key early barometer of consumer activity.

S&P 500 futures are up 8 points, or 0.7 percent, at 1,206 at 7:51 a.m. Eastern time. Dow Jones industrial average futures are up 74, or 0.7 percent, at 11,466. Nasdaq 100 futures are up 14, or 0.6 percent, at 2,340.