US Stocks Poised to End January Lower as Earnings Weigh; Global Growth Concerns Remain

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US stock futures turned lower again Friday as major companies reporting earnings disappointed investors while economic indicators such as personal income and personal spending were mixed compared to economists' forecasts.

Personal income was unchanged in December while personal spending rose 0.4%. Analysts had expected both to increase 0.2%.

Meanwhile, inflation slowed down in January in Europe and concerns about slowing growth in emerging markets also weighed on sentiment.


Retail-giant Wal-Mart ( WMT ) slipped 0.74% before the market open after saying it now expects FY and Q4 earnings to come in at or below the lower end of its guidance range. Amazon.com ( AMZN ) also fell, down 8.55%, as it missed estimates and said it is considering hiking prices for its premium service to recover shipping costs. Mastercard ( MA ), another bellwether for consumer sentiment, reported weaker-than-expected earnings and was also down, 5.96%.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial down 1.07%

-S&P 500 futures down 1.00%

-Nasdaq 100 futures down 0.59%

-Nasdaq-100 Pre-Market Indicator down 0.59%

GLOBAL SENTIMENT

Nikkei down 0.62%

Hang Seng down 0.48%

Shanghai Composite down 1.14%

FTSE-100 down 1.50%

DAX-30 down 1.93%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(-) Chip stocks: lower

(+/-) Software stocks: mixed

(-) Hardware stocks: lower

(+/-) Internet stocks: mixed

(-) Drug stocks: lower

(-) Financial stocks: lower

(-) Retail stocks: lower

(-) Industrial stocks: lower

(-) Airlines: lower

(-) Autos: lower

UPSIDE MOVERS

(+) ZNGA (+18.26%) Plans to cut jobs, posts mixed Q4 results

(+) GOOG (+4.08%) Q4 sales exceed views, EPS misses

(+) MSFT (+1.00%) Reportedly to name Satya Nadella CEO; to replace Bill Gates as chairman

(+) CPHD (+9.33%) Q4 tops expectations

(+) IMGN (+5.51%) Turns to Q2 profit, affirms FY targets

(+) LM (+1.62%) Q3 EPS beats estimates

(+) TSN (+2.64%) Q1 earnings top views

DOWNSIDE MOVERS

(-) CVX (-1.17%) Q4 EPS, sales below expectations

(-) MCC (-3.42%) Starts 6-mln share sale

(-) MAT (-9.90%) Q4 results below expectations

(-) FUEL (-7.77%) Prices 5-mln follow-on offering at $61/shr



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: AMZN , MA , WMT

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