US Stock Futures Suggest Weak Opening; Earnings Continue To Be In Focus

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NYSE_Wall Street
Traders stand outside the New York Stock Exchange prior to the opening bell on Oct. 31, 2012.

Stock futures on Wednesday point to a subdued opening and investors will continue to focus on another round of quarterly earnings.

Futures on the Dow Jones Industrial Average were down 0.21 percent and futures on the S&P 500 were down 0.1 percent while those on the Nasdaq were down 0.01 percent.

On Tuesday, the Dow Jones ended down 0.27 percent while the S&P 500 closed up 0.28 percent and the Nasdaq gained 0.67 percent.

In the earnings line-up before market hours, we have United Technologies Corp. (NYSE:UTX), U.S. Bancorp (NYSE:USB) and Abbott Laboratories (NYSE:ABT). After markets close, eBay Inc. (NASDAQ:EBAY), Netflix, Inc. (NASDAQ:NFLX) and SanDisk Corp. (NASDAQ:SNDK) are among those scheduled to declare earnings.

In Europe, stocks were down with the Stoxx Europe 600 index falling 0.1 percent while the FTSE 100 was down 0.12 percent. Germany’s DAX-30 was down 0.35 percent while France's CAC-40 was down 0.16 percent.

In Asia, markets were mostly up with Japan’s Nikkei ending the day up 0.16 percent while Australia’s S&P/ASX 200 finished down 0.22 percent. The Shanghai Composite index shot up 2.16 percent while Hong Kong’s Hang Seng index was up 0.21 percent. South Korea’s Kospi was up 0.33 percent and India’s BSE Sensex rose 0.41 percent.

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