US STOCKS-Futures advance ahead of earnings after two-week drop

lunes 12 de enero de 2015 09:31 GYT
 

* Earnings season begins this week

* NPS Pharma climbs in premarket; to be acquired by Shire

* Foundation Medicine jumps; Roche to take majority stake

* Futures up: Dow 56 pts, S&P 14.25 pts, Nasdaq 7.25 pts (Adds premarket actives)

By Chuck Mikolajczak

NEW YORK, Jan 12 (Reuters) - U.S. stock index futures rose on Monday, after a two-week decline pushed the S&P 500 back into negative territory for the year, as investors anticipated the start of the corporate earnings season.

* U.S. stocks fell on Friday after the December jobs report painted a mixed picture of the economy and led the benchmark S&P index to its second straight weekly decline. Since hitting a record high on Dec. 29, the index has fallen 2.2 percent on concerns about global growth, the potential for an exit by Greece from the euro zone and falling oil prices.

* Fourth-quarter earnings are expected to grow by 4 percent over the year-ago period, according to Thomson Reuters data.

* Alcoa is scheduled to post quarterly earnings after the closing bell, with financials JPMorgan Chase, Wells Fargo, Goldman Sachs and Citigroup due to report later in the week. Dow component Intel Corp is expected to post earnings on Thursday.   Continuación...