US pre-open: Futures trade higher after major indices snap two-day losing streak

Wall Street futures had stocks opening higher ahead of the bell on Thursday after major indices snapped a two-day losing streak in the previous session.

As of 1230 BST, Dow Jones futures were up 0.13%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.20% and 0.33% firmer, respectively.

The Dow closed 416.33 points stronger on Wednesday as a better-than-expected services PMI and comments from St Louis Fed president James Bullard boosted sentiment.

Earnings will be firmly in focus throughout the course of the day on Thursday, with Eli Lilly, Alibaba, Conoco Phillips, ADT, Bombardier, Restaurant Brands, Kellogg, Papa John's, and Shake Shack reporting before the bell.

AMC Entertainment, Amgen, Warner Brothers Discovery, Beyond Meat, Dropbox, DoorDash, Live Nation, Expedia, GoPro, Zillow, and TripAdvisor will then report after the close of trading.

On the macro front, July Challenger job cuts data will be published at 1230 BST, while weekly jobless claims numbers and June trade balance figures will follow at 1330 BST.

Reporting by Iain Gilbert at Sharecast.com