Futures higher on growth pledge from China

AP News
Posted: Jul 23, 2013 9:00 AM
Futures higher on growth pledge from China

NEW YORK (AP) — Stock futures are moving higher on a pledge from China to maintain growth.

Dow Jones industrial futures are up 42 points to 15,533. S&P futures have added 3.10 points to 1,693.40. Nasdaq futures are up 7 points to 3,054.50.

Chinese Premier Li Keqiang vowed that the government would not let economic growth slip below 7 percent, which pushed Asian, European markets and U.S. futures higher Tuesday.

The world's second-biggest economy has posted consecutive quarters of slower growth.

There were mixed quarterly financial results from U.S. corporations Tuesday. UPS posted a 4 percent profit decline as customers pared back on shopping costs. DuPont's net income declined as well.

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The Wendy's burger chain beat Wall Street expectations for the second quarter and raised its dividend.

Apple posts earnings after the bell.