Stock index futures pointed to a higher open for Wall Street on Wednesday, after stocks closed mixed a day earlier, with investors likely to focus on earnings from Boeing and Visa among others to provide direction for equities.
Dow component Boeing will likely report a profit of $1.01 per share, down from $1.41 in the same quarter of 2009 according to Thomson Reuters I/B/E/S, as lower commercial plane deliveries, lower defense revenue and a higher tax rate eat into earnings.
Other companies expected to report quarterly earnings include Visa , oil company ConocoPhillips , defense firm General Dynamics and cable company Comcast .
The S&P 500 <.SPX> snapped a three-day winning streak on Tuesday after mixed earnings reports and a fall in consumer confidence. The Dow Jones industrial average <.DJI> added 0.1 percent while the Nasdaq <.IXIC> was off 0.4 percent.
Shares of Panera Bread Co fell 2 percent to $77.00 in extended trading on Tuesday after the company released its second-quarter results.
Broadcom Corp shares slipped 3.5 percent to $36.23 in extended trade after the company posted second-quarter results and gave third-quarter guidance.
Shares of Cephalon Inc fell 2.1 percent to $61.59 after the closing bell, as the company released its quarterly results.
Macroeconomic data set for release on Wednesday include the weekly MBA mortgage index at 7 a.m. ET and durable goods figures at 8:30 a.m. ET.
In Europe, the FTSEurofirst 300 <.FTEU3> index of top shares was higher in early trade, helped by strong corporate results as the earnings season in Europe gets into full swing.
The global economic recovery is set to continue despite signs of slowing momentum, a senior International Monetary Fund official said on Tuesday.
(Reporting by Harpreet Bhal; Editing by Michael Shields)