Before the Bell: Ford and Pfizer, confidence and home data in focus
Wall Street is pointing to a lower Tuesday open as investors parse a deluge of earnings reports from major companies including Ford, Pfizer, Eli Lilly and U.S. Steel; Amazon reports after the close. Yahoo reported late Monday and beat expectations; VMware disappointed investors with its report. The dollar is steady and oil is a little higher. There’s a new movie out about Steve Jobs, co-founder of Apple, starring Ashton Kutcher.
Before the Bell: Debt ceiling, McDonald’s and Apple in focus
U.S. stock futures indicate a soft start to the trading day on Wall Street, as investors await a vote on the debt ceiling. Earnings are back in the spotlight, with McDonald’s and Apple likely to draw much scrutiny.
Before the Bell: U.S. economic reports, Apple in focus
Wall Street pointed a bit lower on Tuesday after retails sales data came in stronger than expected and wholesale prices showed a decline. Apple is again spotlighted as Sterne Agee argues that the public is confused about reports that hit the stock on Monday. The dollar is lower and bonds are higher.
Before the Bell: Bernanke, Apple and UPS are in spotlight
Wall Street signals a steady open, as investors await remarks from Fed chief Ben Bernanke later Monday as well as an influx of earnings reports from major banks beginning at midweek. Apple’s shares weaken on reports that suppliers have reduced their output of panels for the iPhone 5. UPS warns it will walk away from a deal to buy European package-delivery company TNT Express if it’s turned down by regulators in Brussels.
Before the Bell: Alcoa report, tech, Clearwire in focus
Wall Street hints at an end to a modest two-day losing streak, with stock futures drawing support from Alcoa’s earnings report and outlook. The dollar is higher; gold and oil futures decline. Clearwire get a bid from Dish Network, creating an alternative to Sprint Nextel’s plan to buy out the wireless-broadband firm. Research In Motion’s skipping the Consumer Electronics Show. And Apple’s working on a cheaper version of the iPhone.