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Stocks set to rise with strong earnings from Ford

The Columbian
Published: April 26, 2011, 12:00am

NEW YORK (AP) — Stocks appear headed for a higher open with a strong earnings report already out from Ford.

Ford Motor Co. said Tuesday that its first quarter was the best since 1998. The car maker beat Wall Street’s earnings estimates with stronger sales of new vehicles.

Later in the morning, the Conference Board will release its gauge of Consumer Confidence for April. Forecasters expect to see the index rise this month.

Before the opening bell, Dow Jones industrial average futures are up 31 points, or 0.2 percent, at 12,458. S&P 500 futures are up 5 points, or 0.4 percent, at 1,336. Nasdaq 100 futures are up 7 points, or 0.3 percent, at 2,385.

Weak earnings reports dragged the Dow and S&P 500 lower on Monday.

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