US stocks look ready to open higher after report

Associated Press
FILE - In this Tuesday, March 25, 2014, file photo, trader Greg Mulligan, center, works on the floor of the New York Stock Exchange. World stock markets gained Wednesday as investors anticipated further stimulus measures from Europe and China while U.S. economic data reinforced recovery hopes in the world's largest economy. (AP Photo/Richard Drew, File)
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FILE - In this Tuesday, March 25, 2014, file photo, trader Greg Mulligan, center, works on the floor of the New York Stock Exchange. World stock markets gained Wednesday as investors anticipated further stimulus measures from Europe and China while U.S. economic data reinforced recovery hopes in the world's largest economy. (AP Photo/Richard Drew, File)

The U.S. stock market looked ready to open higher Wednesday, following a strong report on American manufacturing.

KEEPING SCORE: Dow Jones industrial average futures were up 64 points, or 0.4 percent, to 16,362 as of 8:40 a.m. Eastern time. Standard & Poor's 500 index futures were up six points, or 0.4 percent, to 1,866 and Nasdaq futures were up 18 points, or 0.5 percent, to 3,642.

BEST IN MONTHS: Orders to U.S. factories for long-lasting manufactured goods rose in February by the largest amount since November, 2.2 percent. Demand for airplanes and automobiles drove the gains. Last month's rise in durable goods orders followed a 1.3 percent drop in January.

FIVE BELOW: Discount retailer Five Below shot up in premarket trading after its quarterly profit and sales beat analysts' expectations. The stock of Five Below jumped $5.81, or 17 percent, to $44.35 before the start of regular trading.

EUROPE: Major stock markets in Europe were broadly higher. Germany's DAX was up 1.4 percent and France's CAC 40 gained 1.1 percent. Britain's FTSE 100 rose 0.5 percent.

ASIA: Japan's Nikkei 225, Asia's heavyweight index, gained 0.4 percent. Hong Kong's Hang Seng rose 0.7 percent.

TREASURYS AND COMMODITIES: In U.S. government bond trading, the yield on the 10-year Treasury note was unchanged at 2.75 percent from late Tuesday. The price of crude oil rose 38 cents to $99.58 a barrel. Gold added $2.10 to $1,313.40 an ounce.

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