US futures up, capping a volatile week of trading

Associated Press
In this Tuesday, April 16, 2013, photo, Trader Richard Newman, center, works on the floor of the New York Stock Exchange. World stock markets posted modest gains Friday, ignoring a raft of disappointing U.S. corporate earnings as officials from the world's biggest economies meet in Washington to search for ways to remedy sluggish global growth. (AP Photo/Richard Drew)
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NEW YORK (AP) — U.S. stock futures are sharply higher, extending a volatile week in which major U.S. indexes suffered some of the year's worst losses.

Dow Jones industrial futures are up 65 points to 14,475. S&P futures have added 8.4 points to 1,542.40. Nasdaq futures are up 15.75 points to 2,755.25.

The Dow is down more than 2 percent this week, the S&P is down 3 percent, and the Nasdaq is down nearly 4 percent.

Technology companies are again seeing a heavy volume of trading. IBM is down more than 4 percent in premarket trading Friday after reporting a decline in profits and revenue late Thursday.

Microsoft seems to have avoided this week's tech sell-off, promising an aggressive entry into the computer tablet market in coming months as PC sales fade.

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