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NEW YORK (CNNMoney)
U.S. stock futures were modestly higher, setting Wall Street up for a fourth straight up day. While June has been less than stellar for investors, stocks are on track to end the second quarter up 3%.
And year-to-date, stocks are still up 12% to 15%. The recent gyrations have been sparked by worries about when the Federal Reserve may start to pull back on its massive bond buying program that has been a big driver of the bull market.
As painful as the recent roller coaster has been, experts say the gyrations are healthy. Stocks needed a catalyst to pull back and Fed chairman Ben Bernanke provided that when he said the central bank could start tapering later this year if the economy continues to improve. Of course, if the economy deteriorates, the Fed could very well add to its stimulus.
Still, the mere mention of tapering sent bond investors scrambling for the exits. The yield on the 10-year Treasury note hit 2.65% earlier this week -- its highest since August 2011 and well above the 1.6% in early May.
And gold prices got slammed as well. Prices are down 13% so far this month.
U.S. stocks rallied for a third day Thursday, as investors shook off concerns about waning central bank stimulus.
Related: Fear & Greed Index nudges up to fear
Embattled mobile company Blackberry (BBRY) will release first-quarter results before the bell.
Nike (NKE, Fortune 500) shares edged lower in premarket trading, easing from strong after hours gains following a strong earnings report. Meanwhile, shares of outsourcing and consulting firm Accenture (ACN) were lower after the firm cut expectations for its year-end results.
European markets advanced in morning trading, while Asian markets ended in positive territory.
The benchmark Nikkei boomed on positive economic data out of Japan, adding 3.5%. The Shanghai Composite increased 1.5% and the Hang Seng closed 1.8% higher. 
First Published: June 28, 2013: 5:52 AM ET
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