U.S. stock futures erased losses and rose on Thursday, as investors reacted to upbeat economic reports in the U.S. and heard from European Central Bank President Mario Draghi after the ECB held its key interest rate at record lows, as expected.
Wall Street embraced economic reports that had the government's tally of Americans filing for jobless benefits falling by 10,000 to 278,000 last week, better than the expected 285,000.
Another report had productivity rising more than estimated in the third quarter.
Stocks rising in early New York trading including Whole Foods Market; the upscale grocer late Wednesday reported quarterly earnings that beat expectations. Qualcomm shares headed in the opposite direction after the chipmaker reported results late Wednesday and said an antitrust probe and difficulties collecting royalties could dent its business in China next year.