Stocks are edging higher as the opening bell approaches.
Europe has been climbing in the last hour, lifting S&P 500 futures into positive territory. The U.S. benchmark index is now poised to open with a gain of about 0.1 percent.
The move comes as investors digest a stream of quarterly results from companies including Bank of America and Citigroup, plus key economic data on housing starts and initial jobless claims. They’re also preparing for big news this evening when semiconductor giant Intel reports earnings and China releases gross domestic product.
The S&P 500 has stubbornly held its ground in the last week, with few sellers looking to exit positions near a multi-year high. Economic data continues to show global expansion, a trend confirmed by strength in risk-sensitive sectors such as transports, small caps, and emerging markets.
— Option Monster