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NEW YORK (CNNMoney) -- U.S. stock futures were flat Wednesday as investors awaited new housing market data and more corporate earnings results.
At 8:30 a.m. ET, the Census Bureau will release data on housing starts and building permits for September.
September housing starts are expected to come in at an annual rate of 768,000, according to a survey of analysts by Briefing.com. Building permits are expected to have been issued at an annual rate of 815,000.
Bank of America (BAC, Fortune 500) reported third-quarter earnings before the opening bell that were in line with expectations, citing improved lending and deposits. Shares of the bank rose 2% in premarket trading.
PepsiCo (PEP, Fortune 500) logged earnings that topped forecasts, but revenue slipped more than 5% from a year ago. Shares of the soft drink manufacturer edged up slightly in premarket trading.
Abbott Laboratories (ABT, Fortune 500) is also slated to report Wednesday morning, while results from American Express (AXP, Fortune 500) are due after the close.
U.S. stocks ended higher Tuesday, as investors welcomed strong corporate earnings and digested the latest inflation data.
After the market close Tuesday, chip maker Intel (INTC, Fortune 500) reported earnings that beat Wall Street's expectations, but fell from a year earlier. Information technology company IBM (IBM, Fortune 500) posted earnings that topped forecasts by a penny a share, but revenue fell short of expectations.
In premarket trading Wednesday, shares of Intel slipped more than 2% while IBM shares dropped 4%.
Fear & Greed Index
World Markets: European stocks were higher in midday trading. Britain's FTSE 100 gained 0.5%, the DAX in Germany rose 0.2% and France's CAC 40 added 0.4%. Meanwhile, Spanish bonds climbed after Moody's Investors Service affirmed Spain's investment grade credit rating.
Asian markets closed higher. The Shanghai Composite gained 0.3%, the Hang Seng in Hong Kong climbed 1%, and Japan's Nikkei jumped 1.2%.
Related: Can presidents change gas prices?
Currencies and commodities: The dollar slipped against the euro, the British pound and the Japanese yen.
Oil for November delivery rose 13 cents to $92.22 a barrel.
Gold futures for December delivery gained $3 to $1,749.30 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 1.76% from 1.72% late Tuesday.
First Published: October 17, 2012: 6:15 AM ET
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