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here. | U.S. stock futures were higher this morning as investors turned their attention to more earnings. | | Dow Jones Fut | | 23,400.86 | | Current: | 23,390.00 | | Change: | 41.00 | | Impl. Open: | 47.14 | | | S&P 500 Fut | | 2,560.40 | | Current: | 2,567.25 | | Change: | 5.75 | | Impl. Open: | 9.55 | | | NASDAQ 100 Fut | | 6,037.87 | | Current: | 6,117.25 | | Change: | 32.50 | | Impl. Open: | 80.38 | | | Russell 2000 Mini | | 1,497.46 | | Current: | 1,501.20 | | Change: | 1.70 | | Impl. Open: | 4.44 | | | Quotes as of 10/27/2017 8:18:44 AM ET |
U.S. stock futures were higher this morning, but the potential gains may not be enough to help the S&P 500 avoid its first weekly decline in weeks. The Dow may be able to extend its weekly win streak to seven. (CNBC) While the Nasdaq is lower for the week, Nasdaq futures were higher with Amazon, Google-parent Alphabet, Microsoft, and Intel all soaring in the premarket after earnings beats late Thursday. (CNBC)
Three Dow components highlight the conclusion of an extremely busy week for earnings, with Merck (MRK), Exxon Mobil (XOM), and Chevron (CVX) reporting this morning. Merck beat on expectations on earnings but missed on revenue. There are no major earnings of out after the closing bell. (CNBC)
Shares of JCPenney (JCP) were falling about 6 percent in the premarket after the embattled department store chain cut its full-year earnings forecast , citing heavy discounting to get rid of stagnant inventory. (Reuters)
On the Friday economic calendar, the government releases its first look at third quarterly GDP at 8:30 a.m. ET. The hurricane-impacted number is expected to show the economy growing at a 2.7 percent annual rate during the third quarter, compared to a 3.1 percent rate for the second quarter. (CNBC)
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Amazon (AMZN) was around 7 percent higher premarket after a blowout earnings beat. It also saw revenue top forecasts, thanks in part to a very successful "Prime Day" as well as increased sales from the acquisition of Whole Foods earlier this year. (CNBC)
Microsoft (MSFT) beat estimates by 12 cents with quarterly earnings of 84 cents per share, with revenue scoring a beat as well. Microsoft saw increased demand for its cloud computing services during the quarter. The stock was 4 percent higher in premarket. (CNBC)
Intel (INTC) reported adjusted quarterly profit of $1.01 per share, 21 cents above estimates, and the chipmaker's revenue also exceeded analyst forecasts. Intel also raised its full year outlook on improved performance by its data center business. (CNBC)
Trump acted to authorized the release of almost 2,900 documents, while blocking the release of hundreds of others on the John F. Kennedy assassination, bending to CIA and FBI appeals to keep those secrets. (AP) A British newspaper received a mysterious call 25 minutes before John F. Kennedy was assassinated, according to the more than 2,800 documents released by the National Archives. A reporter at Cambridge News received an anonymous tip about "some big news." (USA Today)
President Trump has declared the nation's opioid epidemic a public health emergency, the first time since 2010 that the federal government has designated such an emergency nationwide. The declaration will loosen regulations to combat opioid abuse. (CNBC)
Obamacare health plans "were on track to break even or make modest profits" on average in 2017 before the Trump administration decided this month to end reimbursement payments to insurers, a report says. (CNBC)
Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger deal today. It notched a win for activist investors who fought against the deal for months on the grounds it would destroy shareholder value. (Reuters)
Fox CEO James Murdoch doesn't believe that TV ratings for the NFL are down because of national anthem protests. Murdoch said ratings are down because there are too many football games on TV. (USA Today)
Mattel (MAT) missed forecasts by a wide margin, as the toymaker reported adjusted quarterly profit of 9 cents per share compared to the consensus estimate of 57 cents. It also reported a revenue miss, and suspended its dividend. Mattel was hurt, as was competitor Hasbro (HAS) in its own recent earnings report, by the bankruptcy of retailer Toys R Us. Mattel shares were tanking about 20 percent in the premarket.
Baidu (BIDU) shares were down as much as 14 percent after the company reported earnings that missed expectations late Thursday. But the Chinese search giant's stock was able to cut that decline in half in premarket trading this morning.
Wynn Resorts (WYNN) reported adjusted quarterly profit of $1.52 per share, coming in nine cents above estimates, with a revenue beat as well. The hotel and casino operator was helped by the continuing comeback in the Macau market, among other factors. Wynn Resorts chief Steve Wynn said the mass shooting in Las Vegas didn't measurably hurt business.
Gilead Sciences (GILD) came in 14 cents above consensus forecasts with adjusted quarterly profit of $2.27 per share, and the drug maker's revenue also beat estimates. Gilead's quarter was driven in part by strong sales of its HIV drugs, but investors are concerned about the performance of the company's hepatitis C treatments.
Halloween may not be until next week but that doesn't mean you can't get the frights started ahead of time. Netflix's hit horror show "Stranger Things" returns for Season 2 Friday when all nine episodes are released on the streaming service. (USA Today)
The undead have come to Starbucks. The Seattle-based coffee chain unveiled the Zombie Frappuccino Thursday morning. It'll be available through Oct. 31 in the U.S. and Canada, while supplies last. (USA Today)
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 | News Associate | |  | Senior Producer | |
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