October 23, 2014- Stocks Look to Trade Higher on China Data

Trading in the U.S. index futures suggests that Wall Street stocks may open Thursday's session notably higher, encouraged by positive manufacturing data from the eurozone and China. Global cues are mixed, with Asian stocks closing mostly higher, while the major European averages are trading mixed. The domestic markets may also take cues from earnings released both yesterday after the market close and due before the market open today and some key economic data on jobless claims and manufacturing activity. The Dow futures are rising 88 points, the S&P 500 futures are adding 10 points and the Nasdaq Composite futures are moving up 19.25 points. U.S. stocks closed Wednesday's session notably lower, as positive earnings failed to inspire confidence amid worries concerning the economy.