Micron earnings spark rally, China stocks get boost

All three of the major indexes are set to open higher (ES=F, NQ=F, YM=F) on the back of better-than-expected GDP and jobless claims data.

Micron (MU) posted Q4 results that topped analyst expectations on both the top and bottom lines

China-based stocks got a boost following a Bloomberg report that the government is weighing a $142 billion capital injection into state banks to help bolster its struggling economy.