(May 25 – 09:30 ET) – U.S. stocks were seen opening higher on Thursday after first-quarter Gross Domestic Product data showed the U.S. economy continues to grow at a rapid clip but that price pressures were no stronger than expected.

Analysts were expecting the market to extend the previous session’s end-of-the-day rally with a U.S. House of Representatives’ vote to grant China permanent normal trade relations seen giving Wall Street a lift.

But traders will be on the lookout for clues on future interest rate policy in a speech by Federal Reserve Chairman Alan Greenspan set for this afternoon.

With less than an hour to go before the market opened, the Standard & Poor’s 500 index futures for June rose 4.70 points to 1,406.40 while the Nasdaq 100 index futures gained 47.50 points, to 3,214.25.

In Toronto, the TSE 300 composite index is expected to open higher.