US Stock Futures Flat Ahead of Earnings Reports, Economic Data

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US stock futures are mostly flat this morning, ahead of earnings reports from major companies and economic data. Futures for the Dow Jones Industrial Average gained 9 points to 12,513.00 and S&P 500 index futures rose 0.60 points to 1,302.80. Nasdaq 100 futures gained 4.75 points to 2,425.25. US stocks closed higher on Wednesday, with the Dow Jones Industrial Average rising 0.78% to 12,578.95, the S&P 500 index gaining 1.11% to 1,308.04 and the Nasdaq 100 index surging 1.53% to 2,769.71. Data on consumer prices and housing starts for December will be released at 8:30 a.m. ET. The Federal Reserve bank of Philadelphia is scheduled to report factory activity for January at 10 a.m. ET. Bank of America Corp
BAC
is projected to report its Q4 earnings at $0.15 per share on revenue of $24.08 billion. UnitedHealth Group Inc
UNH
is estimated to post its Q4 EPS at $1.03 on revenue of $25.6 billion. Johnson Controls Inc
JCI
is projected to post its FQ1 earnings at $0.62 per share on revenue of $10.52 billion. Morgan Stanley
MS
is projected to post a Q4 loss of $0.57 per share on revenue of $5.57 billion. Southwest Airlines Co
LUV
is estimated to post its Q4 EPS at $0.08 on revenue of $4.12 billion. Microsoft Corporation
MSFT
is estimated to post its Q2 EPS at $0.76 on revenue of $20.93 billion. Google Inc
GOOG
is expected to post its Q4 EPS at $10.49 on revenue of $8.41 billion. Intel Corporation
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INTC
is expected to post its Q4 EPS at $0.61 on revenue of $13.72 billion. International Business Machines Corp
IBM
is estimated to post its Q4 EPS at $4.62 on revenue of $29.71 billion. eBay Inc
EBAY
reported a strong rise in its net income in the fourth quarter. EBAY projects Q1 earnings between $0.50 and $0.51 per share on revenue in the range of $3.05 billion to $3.15 billion. However, analysts were expecting earnings of $0.54 per share on revenue of $3.16 billion. Eastman Kodak Company
EK
has filed for Chapter 11 bankruptcy protection. European markets were higher today. The STOXX Europe 600 Index gained 0.31%, London's FTSE 100 Index moved up 0.21%, French CAC 40 index rose 0.80% and German DAX 30 index surged 0.18%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average surging 1.1222%, China's Shanghai Composite rising 1.31% and Australia's S&P/ASX 200 moving down 0.05%. Hong Kong's Hang Seng Index rose 1.3005% and India's Sensex surged 1.17%. Gold futures for February delivery gained $4.50 to $1,664.40 an ounce. Crude oil for February delivery surged $1.05 to $101.64 a barrel. The dollar index (DXY) dropped 0.22% to 80.31, versus 80.540 late Wednesday in North American trade.
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Posted In: NewsFuturesGlobalPre-Market OutlookMarketsAirlinesIndustrialsUS Stock Futures
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