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US Stock Futures Gain Amid Earnings

U.S. stock futures were higher on Wednesday in the wake of quarterly earnings from Intel ( INTC ), Bank of America ( BAC ) and Delta Airlines ( DAL ).

At 8:30 a.m. E.T, the Empire State manufacturing index is expected to have edged up to 7.00 in April from 6.90 in March , within a wide consensus range between 3.00 and 10.2, according to data compiled by Econoday.

At 9:15 a.m., data on industrial production is expected to show a 0.3% decline in March compared to a 0.1% increase in February. The consensus range is between a 0.9% drop and a 0.3% increase.

Then, at 10:00 a.m., the National Association of Home Builders' housing market index is expected to have gained to 55 in April from 53 in March, with a consensus range between 53 and 57.

In equities, Intel rose nearly 3% in recent pre-market trade after Q1 earnings met expectations and as it gave a guidance for Q2 while Bank of America swung to a Q1 profit and said it sees "encouraging signs in customer and client activity." BAC gave up earlier gains and was most recently lower 0.8%. Delta Airlines Q1 topped estimates even as revenue missed expectations and the stock was up 0.7%.

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

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

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