US stock futures up after solid corporate earnings

U.S. stock index futures are rising after a round of solid corporate earnings reports.

Industrial giant General Electric Co. said Friday that its third-quarter net income rose 18 percent. Software maker Microsoft Corp. said its profit rose 6 percent.

Profit at both companies was in line with analysts’ expectations. Their revenue beat Wall Street estimates.

Traders are monitoring European leaders’ efforts to solve the Greek debt crisis. Worries about a default by Greece have caused much of the market’s volatility in recent months.

Dow Jones industrial average futures are up 84 points, or 0.7 percent, at 11,556 at 7:45 a.m. Eastern time. Standard & Poor’s 500 index futures are up 11, or 0.9 percent, at 1,221. Nasdaq 100 futures are up 20, or 0.9 percent, at 2,321.