NEW YORK (TheStreet) -- U.S. stock futures were pointing to a lower open, taking their cue Wednesday from losses across the globe.
European shares were trading to the downside while Asian shares finished in the red. Japan's Nikkei 225 index dropped 2.6% after government minister Akira Amari aired concerns about recent yen weakness.
The economic calendar in the U.S. Wednesday includes the consumer price index at 8:30 a.m. EST and industrial production at 9:15 a.m.
U.S. stocks on Tuesday closed mixed as investors braced for bank earnings and processed a slew of economic reports. The Dow Jones Industrial Average rose 28 points, or 0.2%, to 13,535. The S&P 500 gained 2 points, or 0.1%, to 1,472. The Nasdaq slipped 7 points, or 0.2%, to 3,111 as Apple (AAPL) shares slid 3.2% to trade below $500.
JPMorgan Chase (JPM) is expected by analysts Wednesday to post fourth-quarter profit of $1.16 a share on revenue of $24.42 billion. Goldman Sachs (GS) is expected by Wall Street Wednesday to report fourth-quarter earnings of $3.78 a share on revenue of $7.91 billion.
Japan's two biggest airlines grounded all their Boeing (BA) 787 aircraft for safety checks Wednesday after one was forced to make an emergency landing in the latest blow for the new jet.
General Motors (GM) said Tuesday it expects only a modest increase in pretax profit this year as it rolls out multiple new cars and trucks worldwide.
Facebook (FB) hosted its big press event on Tuesday and unveiled what it calls Graph Search. CEO Mark Zuckerberg said Graph Search is a new way to search the billion people and more than 240 billion photos on Facebook, as well as the social network's more than a trillion connections.
Earnings are expected Wednesday from eBay (EBAY), U.S. Bancorp (USB) and Bank of New York (BK).
-- Written by Joseph Woelfel
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