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* Futures up: Dow 0.10%, S&P 0.18%, Nasdaq 0.32%
By Medha Singh
Feb 14 (Reuters) - U.S. stock index futures rose on Friday,
lifted by a handful of positive earnings reports, while
investors kept a close watch on retail sales data and assessed
the economic fallout of the coronavirus outbreak.
Nvidia Corp NVDA.O jumped 6.4% in premarket trading as it
forecast first-quarter revenue that topped analysts'
expectations, reinforcing expectations of a rebound in chip
demand. Shares of rival Intel Corp INTC.O rose 0.6%, while
Advanced Micro Devices Inc AMD.O gained 1.6%.
Wall Street is on course for a second straight weekly rise
after hitting a series of record highs as a largely positive
fourth-quarter earnings season and confidence in the U.S.
economy helped investors look past conflicting headlines on the
virus.
A recent Reuters poll showed the virus-hit Chinese economy
will grow at its slowest rate since the financial crisis in the
current quarter but the downturn will be short-lived if the
outbreak is contained. Chinese health authorities reported more than 5,000 new
cases on Friday, suggesting that the epidemic was showing no
signs of easing. At 7:26 a.m. ET, Dow e-minis 1YMcv1 were up 29 points, or
0.1%. S&P 500 e-minis EScv1 were up 6 points, or 0.18% and
Nasdaq 100 e-minis NQcv1 were up 31 points, or 0.32%.
Among stocks, Expedia Inc EXPE.O rose 11.8% as analysts
were impressed by the online travel services company's strong
core quarterly earnings forecast in the face of the coronavirus
uncertainty. EBay Inc EBAY.O advanced 2.2% as the ecommerce company
added $3 billion to its 2020 share buyback plan and forecast
current-quarter profit above analysts' expectations.
Markets participants will focus on the retail sales data for
January, due at 8:30 a.m. ET, and industrial production report
scheduled for release at 9:15 a.m.