Stock futures were trading sharply higher on Thursday following remarks by ECB president Mario Draghi that he will do “whatever it takes” to hold the euro zone together. The Stoxx Europe 600 index was up more than 2%. In the U.S., durable goods orders rose 1.6%, helped by strong demand for airplanes and defense goods. Weekly jobless claims fell by 35,000 to 353,000.
Dow futures jumped 144 points; S&P 500 futures rose 17.3 points.
ExxonMobil (XOM) fell less than 1% after its earnings rose on the sale of a Japanese refining and chemicals business and tax-related items. Production was approximately flat. Royal Dutch Shell (RDSA) also fell 2% after posting disappointing production results as earnings fell dramatically from a year ago.
United Technologies (UTX) rose 0.5% despite cutting its 2012 guidance as the weak economy and euro is pinching profits.
Whole Foods (WFM) jumped 11% after beating earnings expectations as sales continued to grow despite pressure on other supermarket companies.
Visa (V) rose 2.1% as payment volumes continued to grow, and earnings beat expectations.
Las Vegas Sands (LVS) fell 4% on a disappointing earnings report.
Potash Corp. (POT) fell 2.5% after cutting estimates for potash profits.
3M (MMM) rose 1.9% after narrowly beating earnings expectations.
Facebook (FB) reports earnings today after the market closes, but the stock was down 6.2% in pre-market trading after social gaming company Zynga (ZNGA) cut guidance and plunged 40%.
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