Jan. 17 Premarket Briefing: 10 Things You Should Know
Here are 10 things you should know for Friday, Jan. 17:
1.-- U.S. stock futures were rising Friday, suggesting stocks on Wall Street would open higher after markets in the U.S. lost ground Thursday amid disappointing earnings reports.
European stocks were inching higher early Friday. Asian shares finished the trading session mixed. Japan's Nikkei 225 Index fell 0.1%.
2.-- The economic calendar in the U.S. Friday includes housing starts and building permits for December at 8:30 a.m. EST, industrial production and capacity utilization for December at 9:15 a.m., and the University of Michigan index of sentiment for January at 9:55 a.m.
3.-- U.S. stocks on Thursday closed lower amid a spate of lackluster corporate earnings.
The S&P 500 finished off 0.13% to 1,845.89 while the Dow Jones Industrial Average fell 0.39% at 16,417.01. The Nasdaq rose 0.09% to close at 4,218.69.
4.-- General Electric
In the year-earlier quarter, GE earned $4.67 billion, or 44 cents a share.
GE is heading into a major transition for its finance arm, but investors will be focused on whether or not the company met industrial margin expansion goals for 2013 .
5.-- Morgan Stanley
Morgan Stanley posted profit of 50 cents a share on revenue of $7.9 billion in the third quarter, and earned 45 cents a share on revenue of $7 billion in the year-earlier fourth quarter.
Investors have been willing to excuse Morgan Stanley's lackluster return on equity because it has been focusing on businesses viewed as likely to produce consistently solid results. But there are signs the positive view of the stock may be wearing off .
Intel posted earnings of 51 cents a share in the fourth quarter on revenue of $13.8 billion. Gross margins came in at 62%.
Analysts expected Intel to earn 52 cents a share on revenue of $13.71 billion.
Intel noted its PC Client Group generated $8.6 billion in sales during the quarter, up 2% sequentially and flat from last year, as the segment looks to be bottoming out.
Under a new plan announced by CEO Marissa Mayer in an internal memo, the media unit will now be run by Chief Marketing Officer Kathy Savitt, RE/CODE reported.