US Stock Futures Flat; Bank of America Earnings In Focus

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US stock futures are mostly flat this morning, as investors are awaiting earnings from Bank of America
BAC
. Futures for the Dow Jones Industrial Average surged 5 points to 13,458.00 and S&P 500 index futures rose 0.30 points to 1,449.50. Nasdaq 100 futures dropped 1.50 points to 2,763.75. US stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising 0.95% to 13,551.78, the S&P 500 index gaining 1.03% to 1,454.92 and the Nasdaq 100 index surging 1.21% to 3,101.17. Data on housing starts for September will be released at 8:30 a.m. ET. Bank of America is estimated to report a Q3 loss at $0.07 per share on revenue of $21.89 billion. Halliburton Company
HAL
is projected to report its Q3 EPS at $0.67 on revenue of $7.14 billion. St. Jude Medical
STJ
is estimated to report its Q3 EPS at $0.81 on revenue of $1.34 billion. Abbott Laboratories
ABT
is expected to report its Q3 EPS at $1.28 on revenue of $9.93 billion. eBay
EBAY
is expected to post its Q3 earnings at $0.54 per share on revenue of $3.40 billion. Pepsico
PEP
is estimated to report its Q3 EPS at $1.16 on revenue of $16.90 billion. Stanley Black & Decker
SWK
is projected to report its Q3 EPS at $1.45 on revenue of $2.84 billion. U.S. Bancorp
USB
is estimated to report its Q3 earnings at $0.74 per share on revenue of $5.14 billion. Dover
DOV
is projected to report its Q3 EPS at $1.28 on revenue of $2.25 billion. Quest Diagnostics
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DGX
is projected to report its Q3 EPS at $1.18 on revenue of $1.91 billion. Intel
INTC
issued downbeat fourth-quarter forecast. International Business Machines
IBM
reported a 5.4% drop in its third-quarter revenue. Fortinet
FTNT
issued downbeat forecast for the full year. ASML Holding
ASML
announced its plans to acquire Cymer
CYMI
for 1.95 billion euros ($2.5 billion). European markets were higher today. The STOXX Europe 600 Index rose 0.13%, London's FTSE 100 Index gained 0.31%, French CAC 40 Index surged 0.26% and German DAX 30 index rose 0.15%. Asian markets ended higher, with Japan's Nikkei Stock Average rising 1.21%, China's Shanghai Composite gaining 0.32% and Australia's S&P/ASX 200 rising 0.82%. Hong Kong's Hang Seng index rose 0.99% and India's Sensex gained 0.25%. The euro gained 0.46% against the dollar to trade at $1.3115. Crude oil for November delivery rose $0.10 to trade at $92.19 a barrel, while gold for December delivery gained $3.90 to $1,750.20 an ounce.
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