Futures rise with earnings after two days of losses, data due

NEW YORK (Reuters) - U.S. stock index futures climbed on Thursday, rebounding after two days of sharp losses, ahead of housing and labor market data and another busy day for corporate earnings.

* The S&P 500 dropped on Tuesday and Wednesday, seeing its first back-to-back declines of more than 1 percent since October, dragged by plummeting energy shares after U.S. crude prices dropped to near six-year lows as the U.S. government reported record-high inventories.

* Alibaba Group shares fell 6 percent in premarket trading after it posted revenue that missed Wall Street expectations. The decline took shares of Yahoo , which announced the spinoff of its Alibaba stake Wednesday, down 4.8 percent.

* Coach Inc shares rose 6.7 percent in premarket trading after the handbag maker posted a better-than-expected quarterly profit.

* Ford shares gained 2 percent in premarket trading after quarterly earnings beat Wall Street earnings expectations and the automaker maintained its 2015 profit forecast.

* Data due on Thursday includes weekly jobless claims applications at 8:30 a.m. and December pending home sales at 10:00 a.m. (1500 GMT).

Futures snapshot at 7:43 a.m.:

* S&P 500 e-minis were up 7.5 points, or 0.38 percent, with 175,249 contracts changing hands.

* Nasdaq 100 e-minis were up 9 points, or 0.22 percent, in volume of 25,880 contracts.

* Dow e-minis <1YMc1> were up 75 points, or 0.44 percent, with 26,756 contracts changing hands.

(Reporting by Rodrigo Campos; Editing by Bernadette Baum)