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Wall St futures point to higher start after Alcoa

Thu Jul 9, 2009 4:45am EDT

Stocks

   

* Dow Jones futures DJc1 rose 0.7 percent by 0835 GMT, S&P futures SPc1 gained 0.9 percent and Nasdaq futures NDc1 ticked up 0.6 percent, pointing to a higher start for Wall Street's main stock market indexes on Thursday.

* The tone was set by Alcoa (AA.N), whose shares rose 6.8 percent after Wednesday's closing bell on the back of the aluminium group's second-quarter earnings which beat market consensus [ID:nL9396521], sending the stock up 6.5 percent in Frankfurt ALU.F.

* Also after the bell, NetApp (NTAP.O) rose 5 percent after the data storage equipment maker said it would not match EMC Corp's (EMC.N) $2.4 billion offer for Data Domain Inc DDUP.O, while Kennametal Inc (KMT.N) fell 4.5 percent after the industrial tool maker said it would offer 6.5 million shares of common stock.

* Oil major Chevron (CVX.N) is the only S&P 500 company reporting on Thursday.

* In U.S. economic data, weekly jobless claims are due at 1230 GMT and May wholesale inventories at 1400 GMT. (Reporting by Peter Starck; Editing by Hans Peters)



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