NEW YORK (CNNMoney.com) -- U.S. stocks were poised to bounce at the open Thursday after the previous session closed with the blue-chip Dow index ending below 10,000.
Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were all about 2.3% higher, following the rebound in global stocks.
Futures measure current index values against perceived future performance.
Stocks erased gains by the close of trade Wednesday, as worries about global growth and the euro's decline overshadowed upbeat economic news.
Economy: The government's revised reading on first-quarter gross domestic product (GDP) came in at 3%, below expectations of 3.3%. The first reading, released last month, was 3.2%.
At 8:30 a.m. ET, the Department of Labor released its weekly jobless claims report: First-time jobless claims fell 14,000, to 460,000, down from 471,000 the previous week.
At 10 a.m., the House Oversight Committee is slated to begin its hearing on the Tylenol recall with Johnson & Johnson (JNJ, Fortune 500).
BP (BP) executives will also appear at a hearing in continued testimony about the Gulf oil spill.
World markets: Stocks around the world rebounded. In morning trading in Europe, the CAC 40 in France jumped 0.9%. Britain's FTSE 100 added 1.1% and the DAX in Germany gained 1.2%
Asian shares finished the session higher. The Hang Seng in Hong Kong and Japan's Nikkei added 1.2%. The Shanghai Composite gained 1.2%.
Dollar and commodities: The euro rebounded against the dollar, up 0.7% against the U.S. currency Wednesday.
The greenback was down 0.8% against the British pound, but it was up 0.6%versus the Japanese yen.
U.S. light crude oil for July delivery gained $1.70 to $73.21 a barrel. COMEX gold's June contract rose 60 cents to $1,214 per ounce.
Bonds: Treasury prices were lower early Wednesday, pushing the benchmark 10-year note's yield up to 3.28%. Bond prices and yields move in opposite directions. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.80% | |
| 15 yr fixed | 3.09% | 3.11% | |
| 5/1 ARM | 2.65% | 2.69% | |
| 30 yr refi | 3.77% | 3.86% | |
| 15 yr refi | 3.09% | 3.21% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,454.83 | -74.92 | -0.60% |
| Nasdaq | 2,837.53 | -1.85 | -0.07% |
| S&P 500 | 1,317.82 | -2.86 | -0.22% |
| Treasuries | 1.74 | -0.01 | -0.80% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.15 | 0.01 | 0.14% |
| Sprint Nextel Corp | 2.62 | 0.09 | 3.56% |
| Cisco Systems Inc | 16.33 | -0.06 | -0.37% |
| Chesapeake Energy Co... | 15.81 | 0.23 | 1.48% |
| Ford Motor Co | 10.60 | 0.01 | 0.09% |
|
The Senate hearing will focus JPMorgan's recent $2 billion trading loss, which Dimon announced earlier this month. More |
The offer for mail handlers is part of the Postal Service's plan to cut 150,000 jobs by 2015. More |
In the whirlwind of its IPO fallout, there has been a sort of glee in watching the company stumble. What's driving the Facebook-schadenfreude and what can the social network do about it? More |
One in six children in the United States is obese. These small businesses have found creative -- and lucrative -- ways to fight the childhood obesity epidemic. More |
In Harper County, Kansas, oil companies are offering farmers up to $1,250 an acre for the mineral rights that allow them to drill for oil on their property. More |
.
