U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index may climb for a third day, after earnings at Apple Inc. topped estimates and triggered a rally in global technology shares. Apple gained 3.4 percent in pre-market New York trading after forecasting higher-than-estimated fiscal fourth-quarter sales and reporting third-quarter sales and profit greater than analysts’ predictions. Cytec Industries Inc. may follow after its surge in after-hours trading yesterday as profit topped forecasts. Futures on the S&P 500 expiring in September rose 0.3 percent to 1,082.9 at 7:38 a.m. in New York. Dow Jones Industrial Average futures climbed 0.2 percent to 10,194 and Nasdaq-100 Index futures rallied 0.6 percent to 1,851.5. “We do remain relatively optimistic on the economy and the market,” said Kully Samra, a U.S. equity markets analyst at Charles Schwab U.K. Ltd. in London. The quarterly profit “gives further credence to continued stabilization in the economy.” Federal Reserve Chairman Ben S. Bernanke today delivers his semi-annual report on monetary policy to the Senate Banking Committee and will testify at the House Financial Services Committee tomorrow. Morgan Stanley, Wells Fargo & Co., Altria Group Inc. and Coco-Cola Co. are among companies scheduled to report quarterly results before U.S. exchanges open today. S&P 500 Advances The S&P 500 has advanced 6 percent since July 2 on optimism about corporate earnings. Of the 54 companies in the gauge that have reported since July 12, all but 10 beat their per-share earnings forecasts, Bloomberg data shows. The gauge posted a 16 percent decline from this year’s high in April through July 2 amid concern economic growth in the U.S. and China is slowing, pushing the price-to-earnings ratio down to 14, the lowest valuation since April 2009. Apple rose 3.4 percent to $260.48. Net income leaped 78 percent and revenue reached a record last quarter, the first to include sales of the iPad tablet computer and the latest iPhone. Cytec Industries soared 12 percent to $48 in after-hours trading yesterday. Second-quarter profit excluding some items was $1.31 a share, topping the 67-cent average estimate of seven analysts surveyed by Bloomberg. The U.S. chemical maker raised its 2010 profit forecast to $3.20 to $3.50 a share. Cytec previously forecast full-year profit of $1.90 to $2.40 a share. The average analyst estimate was $2.52. Yahoo, Seagate Yahoo! Inc., the owner of the second-most popular U.S. Internet search engine, lost 5.1 percent to $14.42 in German trading after reporting second-quarter sales that missed analysts’ estimates as marketers devoted online advertising spending to rival sites. Seagate Technology slid 3.4 percent to $14.04 in Germany as its fiscal fourth-quarter revenue of $2.66 billion fell short of the $2.84 billion average estimate by analysts surveyed by Bloomberg. Coca-Cola Co. gained 1 percent to $53.75 in pre-market New York trading after reporting second-quarter comparable earnings of $1.06 a share. The average estimate from a Bloomberg survey was $1.03. To contact the reporter on this story: Adam Haigh in London at ahaigh1@bloomberg.net.

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