Stocks set for higher start after TI data NEW YORK (Reuters) - U.S. stock futures signaled a higher market open on Wednesday following a strong business update from chip maker Texas Instruments Inc. (TXN.N: Quote , Profile , Research ) . Texas Instruments raised its second-quarter earnings forecast after the market close on Tuesday. Shares of TI, the world's largest maker of chips for mobile phones, were up 1.5 percent to $27.70 after the Tuesday's closing bell. (ID:nN07460066: Quote , Profile , Research ) Shares of major tobacco companies, such as Altria Group Inc. (MO.N: Quote , Profile , Research ) that owns cigarette maker Philip Morris USA and Vector Group Ltd. (VGR.N: Quote , Profile , Research ) that runs the Liggett Group, will be in focus. The Justice Department scaled back the cost and duration of a national quit-smoking campaign on Tuesday that it had expected to seek in its racketeering case against cigarette makers. (ID:nN07457030: Quote , Profile , Research ) S&P 500 futures (SPM5: Quote , Profile , Research ) rose 3.6 points, above fair value accounting for interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures (DJM5: Quote , Profile , Research ) were up 31 points, while Nasdaq 100 (NDM5: Quote , Profile , Research ) climbed 6 points. "The big bellwether stocks, the tech stocks, are turning in pretty good news and that is certainly helping the market," said Hilary Cook, director of investment strategy at Barclays Stockbrokers in London. In other corporate news, Boeing Co. (BA.N: Quote , Profile , Research ) could come under pressure following a Wall Street Journal report saying that Northrop Grumman Corp. (NOC.N: Quote , Profile , Research ) and EADS (EAD.PA: Quote , Profile , Research ) , the parent of Europe's Airbus, have agreed in principle to join forces in a bid to break Boeing's monopoly on supplying aerial refueling planes to the U.S. Pentagon. (ID:nN08476773: Quote , Profile , Research ) Investors will watch shares of Walt Disney Co. (DIS.N: Quote , Profile , Research ) and Pixar Animation Studios Inc. (PIXR.O: Quote , Profile , Research ) after Disney Chief Executive-elect Bob Iger said on Tuesday he had "really good" talks with Pixar but had not struck a new distribution deal. (ID:nN07473349: Quote , Profile , Research ) Other stocks that could move include biotech company ImClone Systems Inc. (IMCL.O: Quote , Profile , Research ) , which rose nearly 6 percent to $31.90 in after-hours trading on Tuesday, after the company said Carl Icahn was looking to buy more shares in the company.(ID:nN07263772: Quote , Profile , Research ) Video games publisher Atari Inc. (ATAR.O: Quote , Profile , Research ) fell 18 percent to $2.41 after Tuesday's closing bell after it announced its Chief Executive James Caparro had resigned. (ID:nN07559318: Quote , Profile , Research ) On the data front, weekly U.S. oil data due at 10:30 a.m. (1430 GMT) is expected to show a mild increase in commercial crude inventories but jitters over thinning heating oil and diesel stocks may resurface after hitting equity markets last week. Crude was down 51 cents to $53.25. Wholesale inventories for April due at 10 a.m. (1400 GMT) are seen rising by 0.4 percent, against the same increase last time, according to a Reuters survey. On Tuesday, the Dow Jones industrial average closed up 16.04 points, or 0.15 percent, at 10,483.07. The Nasdaq Composite Index closed down 8.60 points, or 0.41 percent, at 2,067.16. And the Standard & Poor's 500 Index ended down 0.25 points, or 0.02 percent, at 1,197.26. Quelle "Stocks set for higher start after TI data" : reuters.com Main page for "Stocks set for higher start after TI data"