CORRECTED-US STOCKS-Wall St to rise after two days of losses, data helps
(Corrects day of Yahoo announcement to Tuesday, from Wednesday)
* Jobless claims at lowest in almost 15 years
* Alibaba shares fall after results, Yahoo follows
* Futures up: Dow 54 pts, S&P 5 pts, Nasdaq 1 pt
By Rodrigo Campos
NEW YORK, Jan 29 (Reuters) - U.S. stocks were set to climb on Thursday, rebounding after two days of sharp losses on strong labor market data, with a busy day for corporate earnings dictating the moves of some major stocks.
Alibaba Group shares fell 8.3 percent in premarket trading after it posted revenue that missed Wall Street expectations. The decline took shares of Yahoo, which announced the spinoff of its Alibaba stake Tuesday, down 7.3 percent.
Futures had earlier weakened, weighed by earnings, but recovered steeply after weekly applications for unemployment insurance fell to their lowest in almost 15 years, adding to bullish signals on the labor market.
December pending home sales are due at 10:00 a.m. (1500 GMT). Continuación...