Morning Market Update: April 01, 2010

U.S. stock futures are trading higher Thursday on new signs of global economic recovery. Reports showed growth in China and the euro zone. Economic reports due out today include the Institute for Supply Management's manufacturing index, due out at 10 AM ET. Economists expect the manufacturing index rose to 57 in March, up from 56.5 a month earlier. The Labor Department reported that initial jobless claims fell 6,000 to 439,000, just missing consensus estimates of 440,000. Continuing claims fell 6,000 to 4,662,000. The Dow Jones Industrial Average (DJI) futures are trading 65.00 points above fair value, the S&P500 (INX) futures are trading 6.70 points above fair value, and the Nasdaq Composite (IXIC) futures are trading 8.75 points higher.