Stock futures were trading higher on Thursday after plunging on Wednesday on concerns about Italian debt. Italian bonds were still trading around 7% on Thursday, but European markets fluctuated from mild gains to mild losses in midday trading overseas. The Stoxx Europe 600 was up 0.6% in recent trading.
Jobless claims in the U.S. fell to 390,000, the lowest level in seven months. The U.S. trade gap also fell to $43.1 billion in September as exports reached record levels.
Dow futures rose 132 points to 11,864; S&P 500 futures rose 17.4 points to 1,243.
Cisco (CSCO) rose 7.5% in pre-market trading after reporting better than expected results on Wednesday afternoon. David Einhorn is about to get a little richer after Green Mountain Coffee Roasters (GMCR), a company he loves to hate, missed revenue expectations late on Wednesday. The stock is trading down 29% in pre-market action. Does this mean Einhorn will finally decide to buy the Mets?
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