Stock futures edge ahead NEW YORK (Reuters) - U.S. stock futures edged higher on Wednesday with shares of Google expected to rise after an investment bank raised its price target on the stock. The equity gains came despite oil prices climbing to a three-week high above $52 a barrel. U.S. light sweet crude for July delivery (CLc1: Quote , Profile , Research ) climbed 31 cents to $52.28 a barrel. Shares of Google could rise after Credit Suisse First Boston raised its price target on the stock to $350 from $275, according to financial Web site MarketWatch. (nN01721003: Quote , Profile , Research ) Boeing Co.(BA.N: Quote , Profile , Research ) could also move, a day after it said Ethiopian Airlines has increased its orders for its 787 Dreamliner to 10 airplanes by exercising purchase rights obtained with its initial order announced in February. (nWEN2525: Quote , Profile , Research ) S&P 500 futures were (SPM5: Quote , Profile , Research ) 2.1 points ahead, trading above fair value, Dow Jones industrial average futures (DJM5: Quote , Profile , Research ) were 9 points higher, while Nasdaq 100 (NDM5: Quote , Profile , Research ) were 0.5 points ahead. U.S. stocks dropped on Tuesday, after a report showing slower-than-expected business growth in America's industrial heartland fanned investor concerns that the economy was faltering. "Oil is at a three week high -- although it appears that the market is accepting $50 oil at the moment," said Andre J Bakhos, president of Princeton Financial Group. He added that Boeing's order could help the market. Investors were also awaiting the closely watched monthly Institute for Supply Management manufacturing index, due at 10 a.m. EDT (1400 GMT). The market's usual focus on the index could be more intense this time due to the sharp decline in the May Chicago Purchasing Managers index reported on Tuesday. Economists believe high energy costs and cuts in auto industry output probably led the ISM index to slip in May. (nN31581837: Quote , Profile , Research ) Automakers report their May U.S. sales results on Wednesday. General Motors Corp. (GM.N: Quote , Profile , Research ) and Ford Motor Co. (F.N: Quote , Profile , Research ) bore the brunt of slowing U.S. vehicle sales in May, hurt by high gas prices and flagging demand for sport utility vehicles, analysts said last week. The few companies reporting include Comverse Technology (CMVT.O: Quote , Profile , Research ) with first-quarter figures, ADC Telecommunications (ADCTD.O: Quote , Profile , Research ) with second-quarter numbers and Pall Corp (PLL: Quote , Profile , Research ) with third-quarter news. Other companies that move could include Kohl's Corp (KSS.N: Quote , Profile , Research ) , which runs a chain of mid-priced department stores. After the bell on Tuesday it rose 2.4 percent on Inet after it said sales at stores open at least a year rose 0.2 percent. On Tuesday, the Dow Jones industrial average dropped 75.07 points, or 0.71 percent, to finish at 10,467.48. The Standard & Poor's 500 Index dropped 7.28 points, or 0.61 percent, to 1,191.50. The technology-laced Nasdaq Composite Index dropped 7.51 points, or 0.36 percent, to 2,068.22. Quelle "Stock futures edge ahead" : reuters.com Main page for "Stock futures edge ahead"