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Stock futures move higher before opening bell
Stock futures rise before opening bell; Delta jumps after reporting earnings
By STEVE ROTHWELL
Associated Press
2014-01-21 10:42 PM

NEW YORK (AP) -- U.S. stock futures rose Tuesday as investors assessed the latest round of company earnings. Delta Air Lines climbed in premarket trading after its earnings beat analysts' forecasts.

Dow Jones industrial average futures were up 78 points to 16,475 about 30 minutes before the opening bell. Standard & Poor's 500 index futures were up eight points to 1,842, and the Nasdaq futures gained 20 points to 3,605.

Delta gained 3.2 percent before the opening bell after reporting a better-than-expected fourth-quarter profit as fares and traffic rose. The airline's president said that demand was strong and forecast that profit margins would increase in the current quarter.

Verizon climbed 0.5 percent after it reported fourth-quarter earnings of $5.1 billion, more than analysts forecast. The company lost $4.2 billion in the same period a year earlier.

The yield on the 10-year Treasury note rose to 2.84 percent from 2.82 percent on Friday. The price of oil edged up 33 cents, or 0.3 percent, to $94.87 a barrel. Gold fell $13.30, or 1.1 percent, to $1,238 an ounce.

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