9:01 a.m. Wednesday, July 13, 2011
FILE - In this July 11, 2011 file photo, Michael L. Guli of Knight Capital Americas, L.P., works on the floor at the New York Stock Exchange in New York. World stock markets advanced Wednesday, July 13, bolstered by robust Chinese growth figures that led to a solid day in Asia. Gains were limited in Europe as trading began amid ongoing worries about the continent's debt problems. (AP Photo/Seth Wenig, file)
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The Associated Press
NEW YORK — An encouraging report on China's growth sent stock futures higher Wednesday after three days of losses.
The Chinese economy grew at a slower but still healthy rate of 9.5 percent last quarter, data showed Wednesday. China is attempting to rein in its speeding expansion and ease inflation, but a sudden drop-off in growth could hurt the U.S. economy by cutting into demand for U.S. exports. China is the world's second-largest economy.
Dow Jones industrial average futures rose 34 points, or 0.3 percent, to 12,447 in premarket trading. Standard & Poor's index futures rose 5, or 0.4 percent, to 1,315. Nasdaq 100 futures rose 12, or 0.5 percent, to 2,356.
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