US Stock Futures Mixed After Disappointing Apple Results
US stock futures are mixed this morning, after disappointing results from Apple (NASDAQ: AAPL). Futures for the Dow Jones Industrial Average gained 7 points to 13,726.00 and S&P 500 index futures fell 2.60 points to 1,487.50. Nasdaq 100 futures tumbled 34.50 points to 2,724.25.
US stocks closed higher on Wednesday, with the Dow Jones Industrial Average gaining 0.49% to 13,779.33, the S&P 500 index rising 0.15% to 1,494.81 and the Nasdaq 100 index climbing 0.33% to 3,153.67.
Data on weekly jobless claims will be released at 8:30 a.m. ET, while the Markit PMI manufacturing index for January will be released at 8:58 a.m. ET. The Conference Board's index of leading indicators for December will be released at 10:00 a.m. ET.
3M Company (NYSE: MMM) is estimated to report its Q4 earnings at $1.41 per share on revenue of $7.18 billion. Baxter International (NYSE: BAX) is projected to report its Q4 earnings at $1.26 per share on revenue of $3.72 billion. Lockheed Martin (NYSE: LMT) is expected to report its Q4 earnings at $1.82 per share on revenue of $11.16 billion. E*TRADE Financial (NASDAQ: ETFC) is estimated to post a Q4 loss at $0.54 per share on revenue of $476.68 million.
Microsoft (NASDAQ: MSFT) is projected to post its Q4 earnings at $0.75 per share on revenue of $21.57 billion. KeyCorp (NYSE: KEY) is estimated to report its Q4 earnings at $0.21 per share on revenue of $1.05 billion. Dover (NYSE: DOV) is projected to report its Q4 earnings at $1.07 per share on revenue of $2.00 billion. Starbucks (NASDAQ: SBUX) is expected to post its Q1 EPS at $0.57 on revenue of $3.84 billion.
Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report its Q4 earnings at $0.43 per share on revenue of $4.15 billion. Southwest Airlines Co (NYSE: LUV) is expected to report its Q4 earnings at $0.07 per share on revenue of $4.21 billion. Union Pacific (NYSE: UNP) is projected to report its Q4 EPS at $2.16 on revenue of $5.31 billion. Raytheon Co (NYSE: RTN) is projected to report its Q4 earnings at $1.31 per share on revenue of $6.41 billion.
Apple issued downbeat revenue forecast for the March quarter.
Netflix (NASDAQ: NFLX) reported strong Q4 results and issued upbeat revenue forecast for the first quarter.
European markets were mixed today. The STOXX Europe 600 Index fell 0.06%, London's FTSE 100 Index gained 0.20%, German DAX 30 Index fell 0.06% and French CAC 40 Index rose 0.20%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average rising 1.28%, China's Shanghai Composite dropping 0.79% and Australia's S&P/ASX 200 Index climbing 0.45%. Hong Kong's Hang Seng Index dropped 0.15% and India's Sensex declined 0.51%.
Japan posted wider-than-expected trade deficit in December. Japan's exports dropped 5.8% y/y in December, while imports gained 1.9%. The country's trade deficit came in at 641.5 billion yen ($7.24 billion).
Crude oil for March delivery gained $0.37 to trade at $95.60 a barrel.
The ICE dollar index gained 0.11% to trade at 80.05, up from 79.938 on Wednesday.
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