Morning Briefing: 10 Things You Should Know
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
>To contact the writer of this article, click here: Joseph Woelfel
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
