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US stock futures rise on earnings optimism

 
In this Monday, July 8, 2013 photo, traders Joel Lucchese, left, and Michael Urkonis confer on the floor of the New York Stock Exchange. Asian stock markets rebounded and European shares continued a global rally Tuesday July 9, 2013 following positive U.S. economic news as nervousness about an imminent scaling back of the Federal Reserve's monetary stimulus eased.
In this Monday, July 8, 2013 photo, traders Joel Lucchese, left, and Michael Urkonis confer on the floor of the New York Stock Exchange. Asian stock markets rebounded and European shares continued a global rally Tuesday July 9, 2013 following positive U.S. economic news as nervousness about an imminent scaling back of the Federal Reserve's monetary stimulus eased.
Richard Drew / AP Photo

The Associated Press

NEW YORK -- U.S. stock futures are rising the morning after aluminum giant Alcoa Inc. kicked off earnings season by beating estimates.

Dow Jones industrial futures are up 37 points at 15,197. The broader Standard & Poor's 500 futures are up 5 points at 1,641. Nasdaq futures rose 10 points to 2,969.

Alcoa reported a second-quarter loss Monday after the markets closed. But it noted strong demand for aluminum in autos and airplanes. Excluding costs for closing smelters and other one-time expenses, its results came in better than Wall Street expected.

Wall Street will be looking ahead to other earnings coming this week, including big banks JPMorgan Chase & Co. and Wells Fargo & Co.

Markets worldwide mostly rose over confirmation that Greece would get its next batch of bailout cash.

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