Morning Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- U.S. stock futures were indicating a lower Wall Street open Wednesday following three straight days of gains.

European stocks were slipping while Asian shares ended Wednesday's trading session mostly higher a day before China reports July inflation, factory output and retail sales. Japan's Nikkei 225 index rose 0.9% to 8,881.16.

The economic calendar in the U.S. Wednesday includes productivity and unit labor costs data for the second quarter at 8:30 a.m. EDT.

U.S. stocks finished with modest gains Tuesday after a Federal Reserve official called for an aggressive asset purchase program.

The Dow Jones Industrial Average closed up 51 points, or 0.39%, at 13,169. The S&P 500 rose 7 points, or 0.51%, to finish at 1401, the first since early May it finished above 1,400. The Nasdaq gained 26 points, or 0.87%, to close at 3016.

Walt Disney(DIS) , the media and entertainment conglomerate, posted better-than-expected earnings but came up short of analysts' estimates on the top line.

The company reported after Tuesday's closing bell earnings of $1.83 billion, or $1.01 a share, in its fiscal third quarter ended in July on revenue of $11.09 billion. Analysts were expecting a profit of 93 cents a share on revenue of $11.31 billion.

Earnings were driven, in part, from strong ticket sales to movies like The Avengers.

Priceline.com(PCLN) , the online travel reservation company, provided investors with an underwhelming outlook after Tuesday's close of trading.

Priceline said it expects non-GAAP earnings of $11.10 to $12.10 for the third quarter ending in September, well below the current Wall Street consensus estimate for a profit of $12.76 a share. The company said its outlook "reflects an assumption that economic conditions in Europe will further deteriorate."

Macy's (M) is expected by analysts Wednesday to report second-quarter earnings of 64 cents a share on sales of $6.12 billion.