India, July 24 -- The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session.
A positive reaction to earnings news from Intel (INTC) may contribute to an early rebound on Wall Street, as the semiconductor giant surges by 3 percent in pre-market trading.
The jump by Intel comes after the company reported better than expected second quarter earnings on its strongest revenue growth in fifteen years. Intel also provided upbeat third quarter guidance.
Early buying interest may also be generated in reaction to a sharp pullback by the price of crude oil, with U.S. crude oil futures plunging by more than 3 percent after soaring b...