NEW YORK (
) -- 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.
finished with modest gains Tuesday after a
official called for an aggressive asset purchase program.
Dow Jones Industrial Average
closed up 51 points, or 0.39%, at 13,169. The
rose 7 points, or 0.51%, to finish at 1401, the first since early May it finished above 1,400. The
gained 26 points, or 0.87%, to close at 3016.
, 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 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."
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
Polo Ralph Lauren
The late roster Wednesday includes
Jack in the Box
, the Chinese light commercial vehicle maker that is 30%-owned by
, plans to buy
Taiyuan Changan Heavy Truck Co.
China is the world's largest market for heavy trucks. It's Ford's first entry into the market.
might be asked to pay as much as $700 million to resolve money laundering allegations filed by New York's banking superintendent Benjamin Lawsky after his department grew impatient with inaction by federal regulators, a person familiar with the case told
China leads the U.S. in total medals won at the London Olympics, 73 to 70. China has won 34 gold medals, the U.S. team has won 30. Great Britain has won a total of 48 medals and 22 gold.
-- Written by Joseph Woelfel
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