U.S. Stock Futures Advance Before GDP Report

U.S. stock-index futures advanced, erasing earlier losses, as investors awaited a report that may show the world’s largest economy expanded in the fourth quarter at the fastest pace of 2011.

Starbucks Corp. dropped in Germany after reporting earnings.

Juniper Networks Inc. (JNPR) declined 8.7 percent in pre- market New York trading as it projected sales and profit that missed estimates.

Futures on the Standard & Poor’s 500 Index expiring in March rose 0.2 percent to 1,317.4 at 10:11 a.m. in London, rebounding from an earlier drop of as much as 0.3 percent.

The benchmark gauge has fallen 0.6 percent this week.

The March contract on the Dow Jones Industrial Average gained 25 points, or 0.2 percent, to 12,709 today.

Stocks in the U.S. fell yesterday, reversing a rally that sent the Dow toward its highest level since 2008 earlier in the session, as banks tumbled and a report showed that sales of new homes unexpectedly declined.

From: Bloomberg