Stock futures are positive this morning, indicating to a similar start for the stock market as Cisco's financial results help give techs a push.

This morning, investors await fourth quarter productivity data that will be released at 8:30 a.m. before the market opens. Economists predict a 2% increase in the fourth quarter after a 0.2% rise in the previous one. The data includes unit labor cost which could give further indication regarding inflation and might be the key figure investors will pay attention to. Unit labor cost is seen rising 2.1%.

Meanwhile, after spiking more than $1 a barrel Tuesday getting close to $60 a barrel, oil was again higher today ahead of the weekly crude inventories report due at 10:30 a.m. Eastern, but still didn't pass the $60 barrier.

Finally, December consumer credit is also due at 3:00 p.m. ET today.

In corporate news:

Cisco Systems Inc. (NASDAQ:CSCO) shares are gaining over 4.5% in pre-market trading after the company reported a near 40% surge in quarterly net income and gave guidance that also beat analysts' forecast.

On the flip side, Cheesecake Factory Inc. (NASDAQ:CAKE) shares are down 5% in pre-market after the company reported a 9.7% drop in quarterly earnings on Tuesday. While results beat Wall Street estimates, the reason was a lower-than-expected tax rate, which wasn't encouraging.

Reporting today are News Corp. (NYSE:NWS) which is expected to report earnings of 25 cents per share before the open and the Walt Disney Co. (NYSE:DIS) which is expected to report first-quarter earnings per share of 39 cents after the close.

In other news, Amazon.com, Inc. (NASDAQ:AMZN) and TiVo Inc. (NASDAQ:TIVO) joined forces, announcing they would beam movies and TV shows bought on Amazon Unbox on Tivo, meaning the shows would be seen directly on customers' living rooms TVs.

Several teen retailers such as Hot Topic Inc. (NASDAQ:HOTT) and American Eagle Outfitters Inc. (NASDAQ:AEOS) are slated to report January same-store sales results.