US STOCKS-Futures up ahead of GDP data

* Fears ease over Greece’s debt situation

* U.S. starts criminal probe into Goldman-source

* Advanced GDP read, results from Chevron on tap

* Futures up: Dow 5 pts, S&P 0.1 pts, Nasdaq 2 pts

* For up-to-the-minute market news see [STXNEWS/US]

By Ryan Vlastelica

NEW YORK, April 30 (BestGrowthStock) – U.S. stock index futures
were slightly higher on Friday ahead of the advance reading of
first-quarter gross domestic product and investors awaited a
deal to bail out Greece.

* Financials will be in focus after a source said U.S.
prosecutors were investigating Goldman Sachs Group Inc (GS.N: ),
raising the possibility of criminal charges less than two weeks
after it was accused of civil fraud. The shares fell 3.8
percent to $154.11 in premarket trading. For details, see
[ID:nLDE63T021]

* U.S. economic growth probably slowed in the first
quarter, data is expected to show, but resurgent consumer
spending should offer evidence of a sustainable recovery. Other
indicators on tap include Chicago PMI data and the final
consumer sentiment reading, both for April.

* A multibillion-euro aid package for debt-ridden Greece
will be hammered out within days and could keep the crisis from
spreading, a top European Commission official said. Fears over
a sovereign debt default in Europe have weighed on equities in
recent weeks. [ID:nTOE63T03Y]

* Earnings season stays in full swing, with Newell
Rubbermaid Inc (NWL.N: ) reporting a quarterly profit that beat
estimates. [ID:nN30245864]. Homebuilder D.R. Horton Inc (DHI.N: )
also reported results. [ID:nASA00AN0]

* Dow component Chevron Corp (CVX.N: ) and ITT Corp (ITT.N: )
are also due to report.

* S&P 500 futures (SPc1: ) were up 0.1 points and 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: ) jumped 5
points, while Nasdaq 100 futures (NDc1: ) up 2 points.

* UAL Corp’s (UAUA.O: ) United Airlines and Continental
Airlines Inc (CAL.N: ) will announce a merger to form the world’s
largest airline on Monday, the Wall Street Journal reported.

* Oil-sector companies will be in the spotlight ahead of
Chevron’s results and as a massive oil spill in the Gulf of
Mexico neared wildlife refuges and seafood grounds and the
government fought to contain potentially one of the worst U.S.
ecological disasters. [nSPILL]

* European shares fell 0.4 percent in morning trade, while
Japan’s Nikkei average (.N225: ) ended up 1.2 percent.

* U.S. stocks (Read more about the stock market today. ) chalked up their best day in nearly two
months on Thursday on robust earnings reports.

Stock Market News

(Editing by Jeffrey Benkoe)

US STOCKS-Futures up ahead of GDP data