NEW YORK (TheStreet) -- U.S. stock futures were indicating a lower Wall Street open Wednesday following three straight days of gains.
European stocks were slipping while Asian shares ended Wednesday's trading session mostly higher a day before China reports July inflation, factory output and retail sales. Japan's Nikkei 225 index rose 0.9% to 8,881.16.
The economic calendar in the U.S. Wednesday includes productivity and unit labor costs data for the second quarter at 8:30 a.m. EDT.
U.S. stocks finished with modest gains Tuesday after a Federal Reserve official called for an aggressive asset purchase program. The Dow Jones Industrial Average closed up 51 points, or 0.39%, at 13,169. The S&P 500 rose 7 points, or 0.51%, to finish at 1401, the first since early May it finished above 1,400. The Nasdaq gained 26 points, or 0.87%, to close at 3016.
Walt Disney (DIS), the media and entertainment conglomerate, posted better-than-expected earnings but came up short of analysts' estimates on the top line. The company reported after Tuesday's closing bell earnings of $1.83 billion, or $1.01 a share, in its fiscal third quarter ended in July on revenue of $11.09 billion. Analysts were expecting a profit of 93 cents a share on revenue of $11.31 billion. Earnings were driven, in part, from strong ticket sales to movies like The Avengers.
Priceline.com (PCLN), the online travel reservation company, provided investors with an underwhelming outlook after Tuesday's close of trading. Priceline said it expects non-GAAP earnings of $11.10 to $12.10 for the third quarter ending in September, well below the current Wall Street consensus estimate for a profit of $12.76 a share. The company said its outlook "reflects an assumption that economic conditions in Europe will further deteriorate."
Macy's (M) is expected by analysts Wednesday to report second-quarter earnings of 64 cents a share on sales of $6.12 billion.
Earnings are also expected Wednesday before the bell from the likes of Alpha Natural Resources (ANR), Dish Network (DISH), Orbitz Worldwide (OWW), Polo Ralph Lauren (RL), Sodastream (SODA), Stillwater Mining (SWC) and Carlyle Group (CG),
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