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News / Nation & World

Stocks point to higher open with earnings reports

The Columbian
Published: February 7, 2011, 12:00am

NEW YORK (AP) — Stocks appear poised for further gains, after a week in which major indexes reached levels last seen more than two years ago.

Stronger earnings and economic reports helped both the Dow Jones industrial average and the S&P 500 index surpass significant milestones last week. The Dow closed above 12,000 and the S&P 500 index above 1,300 for the first time since 2008.

Ahead of the opening bell Monday, toy maker Hasbro reported a drop in quarterly profits. But Hasbro’s results still beat analysts’ expectations. Loews Corp. said earnings rose 16 percent.

Dow Jones industrial average futures are up 30 points, or 0.22 percent, at 12,075. S&P 500 futures are up 4, or 0.3 percent, at 1,310. Nasdaq 100 futures are up 5, or 0.2 percent, at 2,342.

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