This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Morning Briefing: 10 Things You Should Know

NEW YORK ( TheStreet) -- U.S. stock futures were suggesting a higher Wall Street open on Wednesday, a day after stocks suffered sharp losses amid a flood of disappointing earnings reports.

European stocks were slightly lower while Asian shares ended mostly lower. Japan's Nikkei 225 index fell 0.7% to close at 8,954.30.

HSBC said Wednesday its monthly China purchasing managers' index pointed to a contraction in manufacturing, but at a slower rate than the previous month.

The economic calendar in the U.S. Wednesday includes the conclusion of a two-day policy meeting for the Federal Open Market Committee. This is the last meeting before the presidential election and there won't be a press conference with Federal Reserve Chairman Ben Bernanke after a decision on rates is announced at 2:15 p.m. EDT.

Also on Wednesday's calendar are new-home sales for September at 10 a.m., and the Federal Housing Finance Agency's housing price index for August at 10 a.m.

U.S. stocks on Tuesday plunged after another round of poor quarterly numbers and lowered outlooks from U.S. companies deepened concerns about a widespread slowdown in the global economy.

The Dow Jones Industrial Average fell more than 243 points, or 1.82%, to finish at 13,102.53, its weakest close since Sept. 5.

Facebook (FB - Get Report), the social networking giant, posted third-quarter earnings Tuesday that slightly beat Wall Street estimates and indicated it is making solid progress on a strategy to profitably transition users to mobile devices.

Apple (AAPL - Get Report) ended months of rumor and speculation on Tuesday, unveiling its iPad Mini during an eagerly anticipated launch event in San Jose, Calif.

With a 7.9-inch display, the new iPad is significantly smaller than previous Apple iPad offerings.

AT&T (T - Get Report) is scheduled to report its third-quarter results before Wednesday's opening bell and analysts expect earnings of 60 cents a share in the September-ended period on revenue of $31.58 billion.

Aerospace giant Boeing (BA - Get Report) is expected Wednesday to post third-quarter earnings of $1.13 a share on revenue of $20.03 billion

Companies reporting earnings early Wednesday include American Electric Power (AEP), Avery Dennison (AVY), Brinker International (EAT), Bristol-Myers Squibb (BMY), Corning (GLW), Delta Air Lines (DAL), Dr. Pepper Snapple Group (DPS), Eli Lilly (LLY), EMC Corp. (EMC), General Dynamics (GD), Hudson Bancorp (HCBK), Jones Apparel (JNY), Kimberly-Clark (KMB), Lockheed Martin (LMT), Motorola Solutions (MSI), Nasdaq OMX Group (NDAQ), Northrop Grumman (NOC), Six Flags (SIX), Tupperware (TUP), US Airways (LCC), and Wyndham Worldwide (WYN).

Wednesday's late roster features Akamai Technologies (AKAM), Cheesecake Factory (CAKE), Citrix Systems (CTXS), Fusion-io (FIO), Skechers U.S.A. (SKX), Tellabs (TLAB), Tractor Supply (TSCO), and Zynga (ZNGA).

A union leader said Ford (F) has decided to close one of its main factories in eastern Belgium by the end of 2014 in a move that will result in 4,500 direct job losses and 5,000 more among subcontractors, The Associated Press reported.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.24 0.70%
BA $148.17 -0.04%
FB $83.01 0.11%
T $32.82 0.61%
GOOG $555.17 -0.65%


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs