Markets

Futures point to a higher open ahead of Alphabet, Amazon earnings

Key Points
  • Twitter, Comcast, Ford, Bristol-Myers Squibb and Southwest Airlines are among the companies that have reported earnings Thursday.
  • Alphabet, Amazon, Intel, Microsoft, Mattel, Expedia are some of the major names set to report earnings after the bell.
Stocks attempt rebound amid slew of earnings
VIDEO1:1101:11
Stocks attempt rebound amid slew of earnings

U.S. stock index futures are expected to begin Thursday's trade on a relatively higher note, as investors gear up for another slew of major corporate earnings.

Dow Jones industrial average futures rose 46 points, while S&P 500 futures gained 2.75 points.

Corporate earnings continue to flood in, with a whole host of firms set to publish their latest financial figures. Twitter, Comcast, Ford, Bristol-Myers Squibb and Southwest Airlines are just a few that have reported before the bell.

Alphabet, Amazon, Intel, Microsoft, Mattel, Expedia are some of the major names set to report earnings after the bell.

A worker unveils a floor mat bearing the logo of Twitter and the symbol on which Twitter's stock will traded (TWTR) on the floor of the New York Stock Exchange (NYSE) on November 7, 2013 in New York City.
Andrew Burton | Getty Images News | Getty Images

In data news, jobless claims and advance economic indicators kick off the day with both releases coming out at 8:30 a.m. ET.

Shortly after, pending home sales will be released at 10 a.m. ET, followed by the Kansas City Fed manufacturing survey will then be release at 11 a.m. ET.

Central banks will also be of key importance on Thursday, as investors await news on the U.S. Federal Reserve.

Minneapolis Fed President Neel Kashkari will be in Minnesota delivering remarks at the Minneapolis Fed's Opportunity and Inclusive Growth Institute Fall conference.

Discussion of who will take on the role of Fed Chair in early 2018 will also remain a key topic of conversation among investors Thursday.

In a Reuters poll published recently, a slight majority of economists are expecting Fed Governor Jerome Powell to become the next chair of the Federal Reserve. The survey also showed that many respondents saw current Chair Janet Yellen as being the best option.

Elsewhere, tax reform is still expected to lurk at the back of investors' minds, after the Senate passed a budget proposal last week that allowed Republicans to move closer to eventually passing tax reform. A Capitol Hill source told CNBC earlier this week that House Republicans aim to introduce their tax bill at the start of November.

Looking to the energy market, oil prices were under slight pressure in early trade, with U.S. crude trading around $52.25 at 8:29 a.m. ET, while Brent hovered around $58.39 per barrel.

In markets news, U.S. stocks had their worst day in two months during the previous session, with the Dow Jones industrial average falling 112 points by the close. Overseas, European stocks were slightly higher during morning trade, while markets in Asia finished mostly mixed.