U.S. stocks surged on Thursday after heavy-equipment maker Caterpillar boosted its full-year profit outlook and an unexpected increase in euro-zone manufacturing eased worries about the global economy.
Thursday’s economic reports had the four-week average of Americans filing for jobless benefits dropping to a 14-year low.
The Conference Board’s index of leading indicators for September is expected at 10 a.m. Eastern.
The 10-year Treasury note yield, used in determining rates on mortgages and other consumer loans, jumped 4 basis points to 2.257 percent.
The U.S. dollar edged lower against the currencies of major U.S. trading partners and dollar-denominated commodities were mixed.
On the New York Mercantile Exchange, gold futures fell $10.50, or 0.9 percent, to $1,235.20 an ounce, and crude-oil futures for December rose 86 cents, or 1.1 percent, to $81.38 a barrel.
On Wednesday, U.S. stocks turned lower, following the S&P 500’s biggest jump in a year, as investors considered the fatal shooting of a soldier in Ottawa, reports of gunfire in the halls of Canada’s Parliament and oil falling to a more-than two-year low.
Coming Up This Week:
10:00 a.m.: Leading indicators
Earnings: Bristol-Myers Squibb, Colgate-Palmolive, Ford, UPS, Procter and Gamble, Nasdaq, Delphi Automotive, State Street, Ericsson, Shire
10:00 a.m.: New home sales