Retailers Reverse Losses in Futures

U.S. stock index futures have reversed earlier losses after Home Depot reported surprisingly strong quarterly numbers this morning.

The home-improvement giant beat earnings and revenue estimates while raising its outlook, boosting shares by more than 3.3 percent in pre-market trading. Best Buy and J.C. Penney are also higher after reporting this morning, by more than 12 percent and 2.5 percent respectively.

S&P 500 futures and Nasdaq 100 contracts are up about 0.25 percent at the time of this writing. Both had been in the red before the three retailers released their numbers.

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