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U.S. futures edge lower, fresh earnings ahead; Dow Jones down 0.05%

Published 05/14/2014, 06:36 AM
Updated 05/14/2014, 06:36 AM
U.S. futures point to slightly lower open ahead of earnings

Investing.com - U.S. stock futures pointed to a moderately lower open on Wednesday, after U.S. equity markets closed at record highs on Tuesday and as investors eyed the release of a fresh string of earnings reports throughout the session.

Ahead of the open, the Dow 30 futures pointed to a 0.05% dip, S&P 500 futures signaled a 0.10% loss, while the Nasdaq 100 futures indicated a 0.13% fall.

Keurig Green Mountain (NASDAQ:GMCR) was expected to remain in focus after Coca-Cola (NYSE:CCE) on Tuesday increased its stake in the company, making it the largest shareholder.

Tech stocks were also likely to be active, after the European Union’s top court ruled citizens have a "right to be forgotten" online.

In other words, people will now have the right to ask search-engine owners to remove personal information and request that a court or data-protection authority step in if a company does not comply.

Separately, Google (NASDAQ:GOOGL), up 0.14% in early trading, opened sales of its Glass Explorer Edition devices to anyone in the U.S., after mostly being available only via invitation and referral.

Elsewhere, Boeing Company (NYSE:BA) edged up 0.07% in after-hour trade, following reports the company will sell 50 737 aircraft worth at least $3.8 billion to a low-cost carrier being set up by China's Juneyao Airlines.

Whirlpool (NYSE:WHR) shares climbed 0.46% in extended trade, after tumbling over 2% on Tuesday when Longbow Research downgraded the appliance maker to "neutral" from "buy".

Other stocks likely to be in focus included Macy's (NYSE:M), SodaStream (NASDAQ:SODA), Cisco Systems (NASDAQ:CSCO), Deere & Company (NYSE:DE) and Seaworld (NYSE:SEAS), scheduled to report quarterly results later in the day.

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Across the Atlantic, European stock markets were lower. The DJ Euro Stoxx 50 slipped 0.14%, France’s CAC 40 edged 0.15% lower, Germany's DAX dipped 0.01%, while Britain's FTSE 100 eased 0.04%.

During the Asian trading session, Hong Kong's Hang Seng jumped 1.03%, while Japan’s Nikkei 225 fell 0.14%.

Later in the day, the U.S. was to release data on producer price inflation.

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