NEW YORK (CNNMoney)
U.S. stock futures were moving higher before the opening bell, with the S&P 500 leading the way with a gain of 0.8%.
House Republican members and party leadership sources told CNN that leaders are preparing a proposal to raise the debt ceiling temporarily while keeping the government shut down. That would buy time for negotiations on the budget impasse.
Despite the continuing government shutdown, the U.S. Labor Department will release its weekly report on initial jobless claims at 8:30 a.m. ET Thursday. Supermarket chain Safeway (SWY, Fortune 500) is scheduled to report quarterly results after the bell.
Related: Fear & Greed Index
U.S. stocks finished higher Wednesday despite continued anxiety over the debt ceiling standoff.
Ruby Tuesday (RT) shares sank more than 13% in after-hours trading Wednesday after the restaurant chain posted a wider-than-expected loss.
Shares of Citrix Systems (CTXS) also plunged after the software company released its third-quarter results early, saying it expected earnings and revenue to come in lower than previously anticipated.
European markets were broadly higher in morning trading, with France's CAC 40 leading the pack with a 1.3% jump, while Asian markets ended mixed. The main indexes in Shanghai and Hong Kong fell by 0.9% and 0.5% respectively. In Japan, the Nikkei added 1.1% as the yen weakened against the dollar. 
First Published: October 10, 2013: 5:05 AM ET
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