Earnings top estimates, U.S. stock index futures rise

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After Intel Corp., JPMorgan Chase & Co. and Yahoo! Inc. posted earnings surpassing analysts’ estimates, U.S. stock index futures climbed this morning, Bloomberg reported.

Reducing costs and raising assessment management fees helped JPMorgan, the third-largest U.S. bank, increase earnings. Technology shares progressed as earnings for Yahoo, which owns the most-visited U.S. Web site, and Intel, the world’s largest chipmaker, increased. Coca-Cola Co., United Technologies Corp. and Altria Group Inc. also exceeded analysts’ forecasts.

Standard & Poor’s 500 Index futures increased 10.6 points to 1,558.2 in early trading. Dow Jones industrial average futures added 78 points to 14,050. Nasdaq 100 Index futures rose 22 points to 2,198.25.

Investors’ alarm concerning the struggling housing market and growing mortgage defaults eased as financial and technology companies beat anticipated results. Financial and technology companies make up around two-fifths of the S&P 500’s value.