Stocks: Indecision reigns!

  @CNNMoneyInvest January 17, 2014: 8:39 AM ET
sp 500 futures 825

Click on chart to track premarkets


Markets have been of two minds all week and that trend looks set to continue Friday.

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, who also mentioned the "odd" lack of January snow.

Morgan Stanley (MS, Fortune 500) shares rose in premarket trading after the firm reported a sharp declined in quarterly profit, year-to-year, which it attributed to $1.2 billion in legal expenses.

Shares dropped for General Electric (GE, Fortune 500) in premarket trading, despite the conglomerate's report of 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 premarket trading following quarterly earnings on Friday 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

Join the Conversation
Sponsored by
Index Last Change % Change
Dow 16,262.56 89.32 0.55%
Nasdaq 4,034.16 11.47 0.29%
S&P 500 1,842.98 12.37 0.68%
Treasuries 2.63 -0.01 -0.42%
Data as of 12:25am ET
Company Price Change % Change
Bank of America Corp... 16.39 0.00 0.00%
Facebook Inc 59.09 0.20 0.34%
Yahoo! Inc 34.21 0.76 2.29%
The Coca-Cola Co 40.18 1.45 3.74%
Intel Corp 26.77 0.21 0.79%
Data as of Apr 15
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.26%4.48%
15 yr fixed3.30%3.31%
5/1 ARM3.30%3.35%
30 yr refi4.25%4.45%
15 yr refi3.29%3.34%
View rates in your area
Find personalized rates:
Rate data provided
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.