ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


U.S. stock futures fell Wednesday as investors waited to assess quarterly figures from three Dow components, including McDonald’s Corp., as well as data on the key housing market.

Futures for Dow Jones Industrial Average (YMM5) turned lower, losing 72 points, or 0.4%, to 17,807, and those for the S&P 500 (ESM5) swung down by 7.5 points, or 0.3%, to 2,084. Futures for the Nasdaq Composite (NQM5) also lost grip of gains, moving down 22 points, or 0.5%, to 4,407.50.

Ahead of the bell, McDonald’s (MCD) will release an earnings report, as will Dow index companies Coca-Cola Co. (KO) and Boeing (BA).

Stock futures were seeing “consolidation ahead of more earnings results,” said Fawad Razaqzada, technical analyst at “The S&P 500 has been touching this bearish trend line around 2,110 … so the market is just waiting to see how the rest of the U.S. earnings will be like before deciding to push higher.”

More big-name results will come after the close of trading, with reports due from Facebook Inc. (FB) and EBay Inc. (EBAY).

On Tuesday (, the S&P 500 (SPX) and the Dow Jones Industrial Average (DJI), fell 0.2% and 0.5%, respectively. But gains for biotech stocks helped pushed the Nasdaq Composite (RIXF) up 0.4% to 5,014.10.

Data: A report on February house prices from Federal Housing Finance Agency is due at 9 a.m. Eastern Time. Then at 10 a.m. Eastern, the National Association of Realtors will release figures on sales of existing homes in March. Sales are expected to rise to a seasonally adjusted rate of 5.08 million, according to economists polled by MarketWatch.

Earnings: McDonald’s is expected to report earnings of $1.06 a share for the first quarter (

Coca-Cola’s first-quarter earnings () are projected to come in at 42 cents a share.