Stock index futures were little changed on Wednesday as investors awaited results from Goldman Sachs and Wells Fargo after financial stocks were weighed in the previous session by disappointing results from Citigroup.
A number of banks are scheduled to release results throughout the day, including Goldman Sachs Group Inc
Wall Street looks for Goldman to earn about $3.76 per share, according to Thomson Reuters I/B/E/S.
State Street Corp
Strong earnings from Apple Inc
Apple's profit blew past Wall Street expectations on strong sales of iPhones, iPads and Mac computers. The results offered some reassurance to investors worried over what impact the latest medical leave by Chief Executive Steve Jobs would have on future growth.
IBM's quarterly profit also easily topped estimates, and a recovery in its services business raised hopes that global companies would spend more on technology.
S&P 500 futures fell 0.6 point and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures were unchanged, while Nasdaq 100 futures gained 0.25 point.
U.S. stocks ended higher Tuesday as investors focused on increased price targets for Google Inc
Optimism about earnings has bolstered equities, with the S&P 500 <.SPX> ending last Friday with its seventh straight week of gains.
In company news, agribusiness giant Cargill Inc
Executives from General Electric Co
On the economic front, U.S. housing starts for December is due at 8:30 a.m. EDT (1330 GMT).
(Reporting by Angela Moon; editing by Jeffrey Benkoe)