Stock Futures Little Changed as Focus Turns to Earnings
Futures for the S&P 500 were up 0.75 points, or 1.65 points below fair value, to 1,737.25 after the benchmark index on Friday rose, marking an advance of 22% in 2013, its best year-to-date performance since 1997. This came as investors cheered the possibility of a delay to tapering measures from the Federal Reserve and strong earnings from heavyweights such as Google
Hamburger giant McDonald's
Analysts expect chipmaker Texas Instruments
Stocks that have been garnering headlines over the weekend include JPMorgan Chase
Microsoft pulled a Windows update from its Web site over the weekend after it caused some customers' devices to crash. The software company removed the RT 8.1 update from the Windows Store, and in place of the update issued an apology for the problem, saying it was trying to resolve the situation quickly. Microsoft said the problem affected only a limited number of users.
Home resales data is on tap Monday. The National Association of Realtors is expected to report at 10 a.m. EDT that existing home sales slipped to a seasonally adjusted annual rate of 5.32 million in September from 5.48 million in August, according to a survey of economists by Thomson Reuters .
Other data on tap this week include the September government jobs report on Tuesday. The report has been delayed for more than two weeks amid the shutdown of government services. Ahead of the September employment report and the October government job report that will be due in a few weeks, expectations are that the Fed will unlikely embark on any tapering of its bond-purchasing program given the uncertainties surrounding the impact of the partial government shutdown and protracted fiscal debates on the U.S. economy.