MARKET PULSE-Altria, Equinix, McKesson, Starwood Hotels, Ziopharm

Thu Oct 24, 2013 8:17am EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

Oct 24 (Reuters) - U.S. stock index futures advanced on Thursday, indicating the S&P 500 will rebound from its first decline in the last six sessions, ahead of labor market and manufacturing data and a slew of corporate earnings. S&P 500 futures rose 7.9 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 67 points and Nasdaq 100 futures added 14.75 points.

** EQUINIX INC, Wednesday close $168.65, up 7.9 pct premarket

The data center operator reported better-than-expected third-quarter results on Wednesday as it won new contracts in its cloud business, including with Microsoft's Azure. The company also forecast current-quarter revenue largely above analysts' estimates.

** STARWOOD HOTELS & RESORTS WORLDWIDE INC, Wednesday close $70.45, up 3.6 pct premarket

The operator of Sheraton hotels reported quarterly earnings above analysts' expectations due to higher travel demand in North America. "We remain bullish on the long-term trends of rising wealth and increasing demand for travel in fast growing economies, even in the face of slower growth in China, unrest in the Middle East, and economic challenges in Latin America," Chief Executive Frits van Paasschen said in a statement.

** ALTRIA GROUP INC, Wednesday close $36.38, up 1 pct premarket   Continued...