Futures waver as US earnings season rolls on

NEW YORK (AP) — Stock futures are fluctuating after another record week for U.S. markets.

Dow Jones industrial futures are down 6 points to 15,491. S&P futures have lost a point to 1,752.90. Nasdaq futures are up less than a point to 3,374.25. A strong quarterly earnings performance from U.S. corporations pushed the S&P to record highs and the Nasdaq to 13 year highs last week.

Futures had been heading solidly higher Monday, but began to waver after the drugmaker Merck said its profit had plunged 35 percent because of generic competition. And many industry watchers expect Apple to report once again that its earnings are sliding when it posts quarterly results after the closing bell. That would mean the third consecutive quarter of falling profit for Apple.

Related Headlines

  • Michael Smyth, Patrick McKeon

    US stocks are mixed in early trading

    The U.S. stock market is mixed in early trading after disappointing results from IBM. The Dow Jones industrial average was down 41 points, or 0.3 percent, to 16,372 shortly ... 

  • US stocks end down slightly, but cut losses

    Wall Street took a step backward Wednesday. Then a tiny step forward. Then back. The tentative dance amounted to little change for major U.S. stock indexes, which ended the ... 

  • S&P 500 index logs its best week of the year

    The stock market closed out its best week of the year on Friday as investors focused on company earnings and brushed off another weak economic report. Campbell Soup climbed ... 

  • Christopher Forbes

    After several near misses, stocks reach a record

    After coming close all week, the stock market reached an all-time high Thursday. The Standard & Poor's 500 index had moved above its previous record many times this week, only ... 

Find the best rates

Find your future job here