Goldman Sachs (Fortune 500) and , JPMorgan (Fortune 500) are due to report their results Wednesday, while , Intel (Fortune 500), , Bank of America (Fortune 500) and , General Electric (Fortune 500) are up later in the week. ,
U.S. stock futures were mostly flat ahead of Monday's opening bell.
Shares of Hewlett-Packard (Fortune 500) rose 2% after news that it dethroned , Lenovo (, retaking its position as the top maker of personal computers. )
Apple (Fortune 500) sank more than 3% after reports surfaced that the company cut orders for iPhone 5 components due to weak demand. ,
United Parcel Service Inc (Fortune 500) announced it is scrapping plans for a $6.8 billion merger with , TNT Express NV (, a smaller Dutch delivery company. UPS blamed the European Commission for ruining the deal, saying the EC's antitrust regulator wouldn't allow it. )
At 4 p.m. ET, Federal Reserve chairman Ben Bernanke is scheduled to give a speech and take public questions at the University of Michigan.
S&P 500 companies are expected to report overall earnings growth of 2.4% for the last three months of 2012, according to FactSet Research. That's better than the 1% decline in the third quarter. But excluding the financial sector, earnings growth for S&P 500 companies is expected to be just 0.2%.
The Shanghai Composite added 3.1% after a government official hinted that foreign investment in China's capital markets could be allowed to expand dramatically. Meanwhile, the Hang Seng added 0.6% while Japan's Nikkei was closed for a holiday.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.73%||3.65%|
|15 yr fixed||2.85%||2.79%|
|30 yr refi||3.72%||3.64%|
|15 yr refi||2.85%||2.78%|
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