NEW YORK (
) -- Stock futures pointed to a mixed open Monday as
reported third-quarter results that narrowly topped analysts' third-quarter profit expectations but fell short of revenue estimates.
Futures for the
Dow Jones Industrial Average
were down by 14 points, or 5 points above fair value, at 11,010. Futures for the
were down by 2 points, or half of a point above fair value, at 1173 and
futures were higher by 4 points, or 3 points above fair value.
Stocks had a mixed close Friday as investors weighed the negative impact of the foreclosure mess on banks against expectations for additional easing from the
and strong tech earnings.
traded 1.4% higher to $4 during the premarket session after the bank said earnings from continuing operations came in at 8 cents a share, beating estimates by 2 cents a share. Quarterly revenue was $20.7 billion, slightly below the $21 billion that analysts had been expecting.
At 9:15 a.m. EDT, the Fed will report on September industrial production and capacity utilization. Economists are anticipating a 0.3% uptick in industrial production, after a 0.2% rise, previously, while capacity utilization is projected to grow to 75% in September, from 74.7% in August.
At 10 a.m., the National Association of Home Builders' October housing market index is expected to remain unchanged at 13, according to Briefing.com.
reports earnings after the closing bell. According to Briefing.com, analysts are expecting profits of $4.06 a share and $2.75 a share, respectively.
In equities news,
St. Jude Medical
said it will acquire all outstanding shares of
AGA Medical Holdings
for $20.80 a share.
agreed to merge in a transaction with a total equity value of $9.5 billion and an enterprise value of $17.5 billion.
agreed to sell its upstream business in Venezuela and Vietnam to its Russian joint venture TNK-BP for $1.8 billion.
said net earnings rose to €524 million ($725.3 million) in the third quarter from €174 million previously, but warned that it was "cautious" on its sales outlook for the coming quarter.
Japanese electronics company
reached a deal to develop and make lithium-ion batteries for green vehicles.
In commodity markets, November crude oil lost 10 cents to trade at $81.15 a barrel, while the December gold contract shed $10.70 to $1,361.30 an ounce.
Meanwhile, the dollar was trading higher against a basket of currencies, with the dollar index up by 0.3%, and the benchmark 10-year Treasury note rose 5/32, weakening the yield to 2.549%.
Overseas, Hong Kong's Hang Seng fell 1.2%, and Japan's Nikkei slipped 0.02%. The FTSE in London inched 0.2% higher, while the DAX in Frankfurt was ahead by 0.6%.
--Written by Melinda Peer in New York
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.