Futures rising on China trade and Tesla

NEW YORK (AP) — Stock futures are rising on new evidence that China’s economy may be stabilizing, along with some strong earnings in the U.S.

Dow Jones industrial futures are up 64 points to 15,506. S&P futures have added 5.9 points to 1,694.10. Nasdaq futures are up 14.25 points to 3,130.25.

The tech heavy Nasdaq looks like it may be heading into positive territory for the week, the only major U.S. index to do so, after Groupon had a great quarter and the electric carmaker Tesla said it had paid off a Department of Energy loan nine years early.

Tesla blew away earnings expectations and its shares are up 20 percent in premarket trading Thursday.

China’s trade rebounded in July, potentially signaling the end of a six-month slowdown for the world’s second-largest economy.

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