Stocks: Indecision reigns!

Written By limadu on Jumat, 17 Januari 2014 | 04.32

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NEW YORK (CNNMoney)

Corporate earnings so far this quarter have been mixed, providing little impetus for stocks to add to last year's impressive gains. U.S. stock futures were just slightly higher.

"It seems markets are as confused as the weather at the moment," wrote Deutsche Bank analyst Jim Reid from Geneva, where he reported the "odd" lack of January snow.

Companies including Morgan Stanley (MS, Fortune 500) are scheduled to release quarterly results before the opening bell. Shares rose for General Electric (GE, Fortune 500) in premarket trading, after the conglomerate reported a boost in quarterly earnings.

On the economic side, the U.S. Census Bureau is scheduled to release its monthly reports on housing starts and building permits at 8:30 a.m. ET.

Related: Fear & Greed Index, still greedy

U.S. stocks finished mixed Thursday. While the Nasdaq closed with a slight gain, the S&P 500 and the Dow Jones industrial average each pulled back.

Shares in Royal Dutch Shell (RDSA) were down ahead of the opening bell after the oil company warned that its fourth-quarter earnings would be "significantly lower" than normal because of "weak industry conditions."

Related: CNNMoney's Tech30 index

Intel (INTC, Fortune 500) shares sank in after-hours trading Thursday following quarterly earnings that missed expectations.

"Intel's numbers left investors feeling less than enthusiastic about the group's outlook as the group expects no revenue growth in 2014," explained Ishaq Siddiqi, a market strategist at ETX Capital in London.

Related: China's growth expected to beat official targets

The main European indexes were edging up in midday trading.

Asian markets mostly ended with losses. The Hang Seng in Hong Kong was the only index to buck the trend, rising by 0.6%. To top of page

First Published: January 17, 2014: 5:15 AM ET


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