US STOCKS-Futures rise after China data, Tuesday climb

* China exports unofficially top expectations

* Texas Instruments sees results at high end of forecast

* Futures up: Dow 56 pts, S&P 7.5 pts, Nasdaq 12.25 pts

* For up-to-the-minute market news see [STXNEWS/US]
(Updates with prices)

By Chuck Mikolajczak

NEW YORK, June 9 (BestGrowthStock) – U.S. stock index futures rose
on Wednesday as Wall Street looked to build on gains in the
previous session after unofficial data showed Chinese exports
blew past expectations, easing concerns about a global
recovery.

Chinese exports jumped about 50 percent in May from a year
earlier, sources told Reuters. If the data is officially
confirmed Thursday, the surge would suggest the risk of a
Chinese economic downturn is very small. The report fueled a
rise in stock markets globally. For details, see
[ID:nTOE65805R]

On Tuesday, U.S. stocks (Read more about the stock market today. ) mostly rose on strength in
materials and financial shares. Late-day volatility led to
equities closing at or near session highs after a wobbly
session.

Investors have been looking for signs that Wall Street will
reverse a slide that has pushed the S&P 500 into correction
territory — a decline of more than 10 percent from its April
23 high.

“Definitely, there has been a search for a bottom for this
recent freefall and yesterday’s stock action was very
encouraging in that regard, particularly the final push at the
end of the day,” said Rick Meckler, president of investment
firm LibertyView Capital Management in New York.

“You got a very, very strong finish which easily could have
been a continued rout of stock prices. So whenever you get
that, it’s like sticking your toe back in the water.”

S&P 500 futures (SPc1: ) rose 7.5 points and were slightly
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 (DJc1: )
gained 56 points, and Nasdaq 100 futures (NDc1: ) rose 12.25
points.

Texas Instruments Inc (TXN.N: ) gained 2.2 percent to $24.40
in premarket trading after the chipmaker said second-quarter
earnings and revenue would be at the high end of its forecast
on strong broad-based demand, particularly from industrial
customers. [ID:nN08218836]

Technology companies have a large sales base in Europe, and
their shares have been under pressure recently as investors
questioned whether the euro-zone debt crisis would affect
profits.

U.S. healthcare software company Allscripts Misys
Healthcare Solutions Inc (MDRX.O: ) said Wednesday it will buy
rival Eclipsys Corp (ECLP.O: ) in a $1.3 billion all-stock deal
that could create a market leader in electronic healthcare
records. [ID:nLDE6580C2]

Eclipsys shares jumped 13.4 percent to $20.99 premarket.

Banco Santander (SAN.MC: )(STD.N: ) said it will pay $2.5
billion for the 24.9 percent of Santander Mexico it does not
own from Bank of America Corp, showing that the Spanish bank’s
expansion ambitions have not been slowed by a raft of purchases
in the past 18 months. [ID:nLDE6580GY]

U.S. listed shares of Banco Santander advanced 1.5 percent
to $9.08 premarket, while Bank of America (BAC.N: ) gained 0.5
percent to $15.40.

Sprint Nextel Corp (S.N: ) slipped 0.7 percent to $4.56
premarket after the company said Tuesday it inadvertently
overstated launch-day sales of the much-anticipated EVO 4G
phone from HTC Corp (2498.TW: ), touted as a serious competitor
to Apple Inc (Read more about Apple stock future.)’s (AAPL.O: ) iPhone 4. [ID:nN08101785]

Federal Reserve Chairman Ben Bernanke will testify before
the U.S. House Budget Committee at 10 a.m. EDT (1400 GMT). The
Fed’s Beige Book survey of economic activity will be released
at 2 p.m. EDT (1800 GMT)

European shares rose more than 1 percent at midday on
Wednesday after the report on Chinese export data, while
concerns over BP’s (BP.L: ) dividend were a drag on the market.
[ID:nLDE6580SP]

Stock Market News

(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

US STOCKS-Futures rise after China data, Tuesday climb