Futures Mixed on Citigroup, Apple

NEW YORK ( TheStreet) -- Stock futures pointed to a mixed open Tuesday as U.S. investors coming back from a long weekend digested lower-than-expected earnings from Citigroup ( C), and news that Apple ( AAPL) CEO Steve Jobs will take a medical leave of absence.

Futures for the Dow Jones Industrial Average were up by 16 points, or 9 points above fair value, at 11,741. Futures for the S&P 500 were lower by 1 point, or 1 point below fair value, at 1288, while Nasdaq futures were off by 18 points, or 20 points below fair value.

Stocks rose Friday, lifted by financials, which gained strength on better-than-expected earnings from JPMorgan Chase ( JPM).

Shares of Citigroup were down 3.7% at $4.94 ahead of Tuesday's opening bell after the company missed analysts' estimates with fourth-quarter earnings of 4 cents a share and revenue of $18.4 billion. According to Briefing.com, Wall Street had been looking for a profit of 8 cents a share, and revenue of $20.4 billion.

In other earnings news, Delta Air Lines ( DAL) swung to a fourth-quarter adjusted profit of 19 cents a share on sales of $7.8 billion. Analysts had been anticipating earnings of 24 cents a share on sales of $7.7 billion. The stock was down 1.7% to $12.54 in early trading.

Shares of TD Ameritrade ( AMTD) were down 3.6% at $19.91 during the premarket session as the company met analysts' expectations for a profit of 25 cents a share on sales of $648 million.

Hong Kong's Hang Seng shed 0.01% while Japan's Nikkei added 0.2%. London's FTSE was gaining 1.2% and the DAX in Frankfurt was ahead by 1.1%.

The Federal Reserve Bank of New York said the Empire State manufacturing survey rose to 11.92 in January, from December's downwardly-revised reading of 9.89. According to Briefing.com, economists had expected the survey to come in at 12, from December's initial reading of 10.57.

At 10 a.m., economists expect the National Association of Home Builders' housing market index to hold at 16 in January.
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Apple shares were down 4.6% to $332.30 following Jobs' Monday announcement that he would take his second medical leave of absence in two years. Chief operating officer Tim Cook will step in during his absence.

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