{"id":1451,"date":"2010-11-01T08:24:00","date_gmt":"2010-11-01T08:24:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-set-to-open-higher-as-stock-futures-rise\/1450\/"},"modified":"2010-11-01T08:24:00","modified_gmt":"2010-11-01T08:24:00","slug":"market-set-to-open-higher-as-stock-futures-rise","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-set-to-open-higher-as-stock-futures-rise\/1451\/","title":{"rendered":"Market Set to Open Higher as Stock Futures Rise"},"content":{"rendered":"

The U.S. equity market is expected to open higher, with stock futures currently up. The Dow Jones<\/a> Industrial Average futures are up 50 points at 11,116, the S&P 500<\/a> futures are up 7 points 1,186 and the Nasdaq 100 futures are up 8 points.<\/p>\n

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Humana Inc. (NYSE: HUM<\/a>) reported its third-quarter financial results today. The company reported a 30% increase in its third-quarter profit. Humana reported third-quarter profit of $393.2 million, or $2.32 per share, up from $301.5 million, or $1.78 per share reported in the third quarter of 2009. The company\u2019s third-quarter revenue increased 9.2% to $8.42 billion. Analysts were expecting Humana to report third-quarter profit of $1.66 per share and revenue of $8.46 billion. Shares of the Louisville, Kentucky-based company are up 1.73% to $59.30 in pre-market trading<\/a> today.<\/p>\n

Corning Inc. (NYSE: GLW<\/a>) also reported its third-quarter financial results today. The company reported a 22% increase in third-quarter profit on the back of higher sales and margins. Corning reported third-quarter profit of $785 million, or $0.50 per share, up from $643 million or $0.41 per share reported in the third quarter of 2009. Excluding items, the company reported third-quarter profit of $0.51 per share. The company\u2019s third-quarter revenue increased 8.3% to $1.6 billion. Analysts were expecting Corning Inc. to report third-quarter profit of $0.52 per share and revenue of $1.61 billion. The company\u2019s gross margin improved from 40.5% to 45.2% in the third quarter of 2010. Shares of Corning are down 1.64% to $17.98 in pre-market trading.<\/p>\n

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