December 18, 2009 / 12:40 PM / 9 years ago

US STOCKS-Futures up as oil rises, Oracle, RIM strong results

* Oil rises 1.7 pct as cold snap hits U.S. Northeast

* Futures up: Dow 33 pts; S&P 4.9 pts; Nasdaq 4.5 pts

* For up-to-the-minute market news, click STXNEWS/US

NEW YORK, Dec 18 (Reuters) - U.S. stock index futures rose on Friday as oil prices rebounded and on upbeat results from technology bellwethers Research In Motion and Oracle.

* Research In Motion Ltd RIMM.ORIM.TO posted a big jump in profit late Thursday, issued a strong outlook and said it shipped a record-breaking 10 million BlackBerry smartphones. For details see [ID:nN17171897]. Research In Motion shares were up 11.7 percent to $70.60 in premarket trading.

* Oracle Corp ORCL.O reported a bigger-than-expected increase in new software sales and said growth could accelerate the current quarter. Oracle gained 4.9 percent to $24 premarket. [ID:nN17242916]

* Nike Inc, (NKE.N) the athletic shoe and apparel maker, posted second-quarter profit that topped estimates late Thursday and forecast a return to sales growth. [ID:nN17191382].

* Crude futures CLc1 rose 1.7 percent to near $74 a barrel on prospects for increased winter demand as a cold snap gripped the U.S. Northeast. [ID:nSGE5BH07L]

* Friday marks the expiration of December options and futures, a convergence known as quadruple witching, and often means increased volatility as big investors adjust or exercise derivatives positions.

* S&P 500 futures SPc1 rose 4.9 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 DJc2 gained 33 points, and Nasdaq 100 futures NDc1 added 4.5 points.

* Inc (AMZN.O) said Thursday its Kindle electronic book reader broke a monthly sales record in December, as the battle for market share heats up. [ID:nN17199099]

* Palm Inc PALM.O reported a wider-than-expected quarterly loss as competition intensifies to grab consumers shopping for new smartphones. [ID:nN17190567].

* Activist investor Carl Icahn reported taking an 11.3 percent stake in U.S. video game publisher Take Two Interactive Software Inc (TTWO.O). [ID:nN17188836].

* Irish low-cost carrier Ryanair Holdings Plc (RYA.I)(RYAAY.O) said it ended talks with Boeing Co (BA.N) on an order for 200 aircraft after a disagreement over contract terms. [ID:nLDE5BH07U].

* Japan Airlines Corp 9205.T is likely to choose Delta Air Lines Inc (DAL.N) as its overseas partner, ending ties with American Airlines AMR.N and the Oneworld alliance group, Japan’s Asahi newspaper reported on Friday. [ID:nTOE5BH08D].

* U.S. stocks fell on Thursday as a rebounding dollar spurred safe-haven trade, cutting demand for riskier assets, and a soft forecast from bellwether FedEx Corp (FDX.N) sank transportation shares. (Editing by Jeffrey Benkoe)

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