US Stock Futures Flat Ahead Of McDonald's Earnings
US stock futures are mostly flat this morning, as investors are awaiting earnings from McDonald's (NYSE: MCD). Futures for the Dow Jones Industrial Average dropped 2 points to 13,694.00 and S&P 500 index futures fell 1.40 points to 1,488.00. Nasdaq 100 futures surged 2.50 points to 2,753.50.
US stocks closed higher on Tuesday, with the Dow Jones Industrial Average gaining 0.46% to 13,712.21, the S&P 500 index rising 0.44% to 1,492.56 and the Nasdaq 100 index climbing 0.27% to 3,143.18.
The MBA purchase applications index will be released at 7:00 a.m. ET. The Federal Housing Finance Agency House Price Index for November will also be released today.
McDonald's is expected to report its Q4 earnings at $1.33 per share on revenue of $6.89 billion. United Technologies (NYSE: UTX) is projected to report its Q4 EPS at $1.03 on revenue of $16.62 billion. Western Digital (NASDAQ: WDC) is projected to post its Q2 EPS at $1.82 on revenue of $3.68 billion. Coach (NYSE: COH) is expected to report its Q2 earnings at $1.29 per share on revenue of $1.60 billion.
Abbott Laboratories (NYSE: ABT) is expected to report its Q4 earnings at $1.50 per share on revenue of $10.58 billion. Apple (NASDAQ: AAPL) is estimated to post its Q1 earnings at $13.42 per share on revenue of $54.69 billion. Baker Hughes (NYSE: BHI) is projected to report its Q4 earnings at $0.61 per share on revenue of $5.20 billion.
Netflix (NASDAQ: NFLX) is expected to post a Q4 loss at $0.60 per share on revenue of $934.37 million. Noble (NYSE: NE) is estimated to post its Q4 EPS at $0.62 on revenue of $962.09 million. SanDisk (NASDAQ: SNDK) is projected to post its Q4 earnings at $0.75 per share on revenue of $1.52 billion. Motorola Solutions (NYSE: MSI) is estimated to report its Q4 earnings at $1.02 per share on revenue of $2.45 billion.
Google (NASDAQ: GOOG) reported upbeat fourth-quarter earnings.
International Business Machines (NYSE: IBM) reported better-than-expected fourth-quarter earnings.
European markets were mostly higher today. The STOXX Europe 600 Index rose 0.04%, London's FTSE 100 Index gained 0.18%, German DAX 30 Index rose 0.29% and French CAC 40 Index fell 0.08%.
Asian markets ended mostly higher, with Japan's Nikkei Stock Average falling 2.08%, China's Shanghai Composite rising 0.25% and Australia's S&P/ASX 200 Index climbing 0.19%. Hong Kong's Hang Seng Index dropped 0.10% and India's Sensex rose 0.23%.
The ICE dollar index (DXY) dropped 0.11% to trade at 79.78, versus 79.892 on Tuesday.
The dollar declined 0.48% against the Japanese yen to trade at ¥88.28, versus ¥88.74. The euro gained 0.05% versus the dollar to trade at $1.3329, up from $1.3311.
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