Stocks Bounce After Modest Pullback

Stocks are rebounding from a modest pullback yesterday, lifted by strong economic numbers from China.

S&P 500 futures are climbing about 0.4 percent, while the Nasdaq 100 and Russell 2000 indexes are posting smaller gains. Most European markets are up about half a percent. Asia was mixed in the overnight session, with Tokyo advancing slightly and Shanghai falling almost 1 percent.

A survey of purchasing managers in China showed manufacturing accelerating at its strongest pace in seven months. Similar surveys for Europe were less impressive, especially in regional leader Germany.

Attention now turns to corporate earnings and United States data. Ford Motor is up 3.5 percent after results beat expectations and management raised guidance. Homebuilder PulteGroup is also climbing after higher prices drove a strong set of numbers. Tech names Symantec and Akamai fell on weak guidance, while semiconductor-equipment company Lam Research is muscling its way higher.

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