Stock Futures Dip After Huge Japan Rally
The benchmark 10-year Treasury was adding 8/32, diluting the yield to 1.976%. The dollar was up 0.33%, according to the U.S. dollar index.
In corporate news, Walt Disney (DIS) announced fiscal first-quarter profit dipped slightly but beat expectations. The company earned 77 cents a share on revenue of $11.3 billion. Shares were rising 2.4% in premarket trading.
Royal Bank of Scotland (RBS) is expected to pay some 400 million pounds ($627 million) for a role it played in the LIBOR global interest-rate rigging scandal, Reuters reported, citing sources familiar with the situation. Shares gained 2.5% on Tuesday.
Time Warner (TWX) reported adjusted fourth-quarter earnings of $1.17 a share on revenue of $8.16 billion. Analysts expected the company that owns CNN and HBO to post fourth-quarter earnings of $1.10 a share on revenue of $8.25 billion. Shares were rising 3.1% in premarket trading.
CVS Caremark (BAC) on Wednesday posted fourth-quarter adjusted earnings of $1.14 a share; analysts were looking for $1.10 a share.
Zynga (ZNGA) beat Wall Street expectations on Tuesday as the company reported a profit of 1 cent a share on revenue of $311.1 million for the fourth quarter. Analysts expected a loss of about 2 to 4 cents a share on revenue of $255 to $265 million. Shares were popping 4% in the premarket session.
Chipotle Mexican Grill (CMG) said its fourth-quarter earnings rose 7% as same-store sales grew 3.8% due to better customer traffic. Shares of the company fell 0.99% premarket.
Media giant News Corp (NWSA) will report quarterly earnings on Wednesday as the Street expected a profit of 42 cents a share on revenue of $9.28 billion. Shares closed higher by 1.5% on Tuesday, and climbed 0.25% in after hours.
-- Written by Joe Deaux in New York.
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