U.S. stock futures pointed to an upbeat start for Wall Street on Thursday, after markets took a bruising from corporate earnings the previous day, as investors waited to hear from a trio of Federal Reserve speakers.
A rise in oil prices was also helping set a positive tone, after the International Energy Agency said it sees a "dramatic reduction" in the supply glut later this year.
Futures for the Dow Jones Industrial Average gained 87 points, or 0.5%, to 17,745, while those for the S&P 500 index added 13 points, or 0.6%, to 2,071. Futures for the Nasdaq-100 index climbed 26 points, or 0.6%, to 4,377.
The premarket gains come after a round of disappointing earnings from retailers--seen as a gauge of consumer confidence--sent all U.S. stocks lower in Wednesday's trade. The Dow average ended down 1.2% after a slump in Nike Inc. (NKE) and Walt Disney Co. (DIS) shares.
"U.S. indices ended yesterday around the same levels they opened on Monday, which reflects just how quiet it's been so far [this week]," said Craig Erlam, senior market analyst at Oanda, in emailed comments.
"That said, things should pick up from today starting with the [Bank of England] and followed by some U.S. economic data and Fed speeches. I think the end of the week will be much more interesting than the start, with more data again to come tomorrow, including U.S. retail sales," he said.