Stocks drift as investors eye earnings

Written By limadu on Rabu, 22 Januari 2014 | 17.42

premarkets wed

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NEW YORK (CNNMoney)

U.S. stock futures were mixed ahead of the opening bell, with the S&P 500 and Nasdaq showing mild gains, while the Dow Jones industrial average tipped into the red.

Markets diverged Tuesday, with the Dow falling while both the S&P 500 and Nasdaq moved higher.

Related: Fear & Greed Index is less greedy

Stocks have been off to a rocky start in 2014. After last year's big rally, investors are looking for signs the economy will be strong enough to keep the bull market going. But with little economic data on the agenda this week, investors are turning their attention to fourth quarter earnings from big U.S. corporations.

Related: CNNMoney's Tech30

eBay (EBAY, Fortune 500) and Netflix (NFLX) are expected to report earnings in the afternoon. Overall, earnings are expected to be up 5.9% in the fourth quarter for the companies in the S&P 500, according to FactSet Research.

Asian markets closed higher across the board, led by the Shanghai Composite, which advanced 2.2% as interbank lending rates fell for a second straight day. Hong Kong's Hang Seng and Japan's Nikkei both increased 0.2%. European markets opened the day in positive territory. To top of page

First Published: January 22, 2014: 4:59 AM ET


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