Stocks look set to recover from two straight days of losses Friday as investors digest another swath of corporate earnings.
A big week for corporate earnings concludes Friday with results due before the opening bell from a trio of big firms.
McDonald's ( reported higher quarterly revenues and profit, but a decline in same-store sales. Shares fell 2% in premarket trading. )Honeywell ( reported an increase in first quarter earnings, pushing up its stock price by 1%. )
General Electric ( reported better-than-expected earnings and revenue, though the conglomerate ended the quarter with a big backlog of equipment and services. Shares fell more than 2%. )
A trio of tech heavyweights reported after the bell Thursday.
IBM ( reported )first-quarter results that fell short of estimates, prompting its stock to drop 4% . Microsoft ( got a big boost in its latest earnings report from strong )Windows 8 sales, pushing up its stock 2%.
Google ( earnings topped estimates, even as the )search giant faces challenges with how to make money off mobile ads and its Motorola smartphone unit. The company's stock rose nearly 2% in premarket trading.
Chipolte's ( share price rose 5% after reporting earnings on Thursday that showed increases in revenue, income and same-store sales. )
Dell's ( stock fell more than 2% following reports that )Blackstone ( dropped its bid to )buy the computer company.
Analysts expect earnings for S&P 500 companies to rise by 1.85%, according to S&P Capital IQ. So far, 91 S&P 500 companies have reported, with 64 beating forecasts, 19 missing and 8 coming in in line.
European markets moved higher in morning trading, led by the CAC 40 in Paris with a gain of 1.4%, while Asian markets also ended firmer. The Shanghai Composite closed up 2.1%, Hong Kong's Hang Seng up 2.3% and Japan's Nikkei up 0.7%.