Stock Futures Mixed as Apple Tumbles
Gold for February delivery was falling $10.80 at $1,675.90 an ounce at the Comex division of the New York Mercantile Exchange, while March crude oil futures were up 25 cents at $95.48 a barrel.
The benchmark 10-year Treasury was up 5/32, lowering the yield to 1.811%. The dollar was rising 0.14%, according to the U.S. dollar index.
In corporate news, Netflix(NFLX) gained 2 million video-streaming subscribers in the U.S. during the fourth quarter, and posted a profit of $8 million during a period when analysts were expecting a loss. Shares were surging more than 39% in premarket trading.
3M(MMM) shares were trading sideways after the diversified technology company posted in-line fourth-quarter earnings of $1.41 a share and revenue of $7.4 billion, which beat the Wall Street sales estimate of $7.18 billion. Organic local-currency sales grew 4.3% in the period, and acquisitions added 0.9% to sales.
3M affirmed its 2013 full-year performance earnings expectations of $6.70 to $6.95 a share, with CEO Inge Thulin saying that 3M has "built good momentum to innovate and move forward in 2013."
Software giant Microsoft(MSFT) is expected by analysts Thursday to report fiscal second-quarter earnings of 75 cents a share on revenue of $21.6 billion. Shares were off 0.22%.
Delta(DAL) is talking to Airbus and Boeing(BA) about buying $1 billion or more of new jets as planemakers phase out their current single-aisle models, people familiar with the matter told Bloomberg. Boeing shares were up fractionally.
Symantec's(SYMC) CEO Steve Bennett plans to cut at least 1,000 jobs as he aims to overhaul the antivirus software maker, according to Bloomberg. Shares were shedding close to 3%.
American depositary receipts of Amarin(AMRN) were rising 2.5% after the biopharmaceutical company announced the market introduction of Vascepa capsules to treat severe hypertriglyceridemia.
ITT Educational Services (ESI) shares were tumbling nearly 11% after the company reported disappointing quarterly results and gave full-year guidance that was below estimates.
-- Written by Andrea Tse in New York.
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