Last updated January 28, 2010: 7:30 AM ET — US stock futures are trading higher Thursday, a day after President Obama said that the government should take new actions to bolster the economy and create jobs. Economic reports due out include jobless claims and manufacturing data, both expected at 8:30 AM ET. The Labor Department is expected to report that new requests for unemployment benefits fell by 32000 to 450000 last week. Orders to US factories for big-ticker manufactured goods is expected to have risen 2% in December due to a surge in demand for commercial aircraft. Eli Lilly (NYSE:LLY) reported Q4 EPS of $0.91, missing consensus estimates by a penny. Sales rose 14% year-over-year to $5.93 billion, and came in ahead of consensus estimates of $5.68 billion. Potash Corp. of Saskatchewan (NYSE:POT) reported fiscal Q4 EPS of $0.80, beating consensus estimates of $0.78. Revenues for the quarter fell 41% year-over-year to $1.1 billion, narrowly beating consensus estimate of $1.07 billion. The Dow Jones Industrial Average (DJI) futures are up 44.00 points, the S&P500 (INX) futures are up 5.80 points, and the Nasdaq Composite (IXIC) futures are up 6.25 points.

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