U.S. Markets to Open Mixed Following Apple Earnings Miss

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By Trey Thoelcke Published
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U.S. stock futures are mixed ahead of the opening bell. Dow Jones industrial average and S&P 500 futures were about 0.5% higher, while Nasdaq futures were lower by about the same amount.

Apple (NASDAQ: AAPL) and Netflix (NASDAQ: NFLX) both offered disappointing earnings reports Tuesday, and both are down in premarket trading today. Apple profit and sales fell short of analysts’ projections for only the second time since 2003. Netflix raised doubts about whether it can meet its user growth targets this year.

Ford (NYSE: F), PepsiCo (NYSE: PEP), Boeing (NYSE: BA) and Caterpillar (NYSE: CAT) are scheduled to post earnings this morning.

Economists expect that demand for new U.S. homes probably climbed in June to the highest level in two years.

And Treasury Secretary Tim Geithner will testify before the House Financial Services Committee this morning.

Britain’s FTSE 100 is up about 0.2%, the DAX in Germany added 0.5% and France’s CAC 40 is 0.7% higher.

German business confidence fell more than economists forecast in July, the third-straight decline and the lowest reading since March 2010.

A report showed the U.K. economy shrank the most in three years last quarter, despite a rally by auto makers.

The Shanghai Composite ended lower by 0.5%, while the Hang Seng in Hong Kong fell 0.1% and Japan’s Nikkei dropped by 1.4%.

Technology stocks in Asia were dragged down by Apple’s disappointing earnings.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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