NEW YORK — U.S. stock futures were little changed before the market opened on Wednesday. IBM dropped in premarket trading after its revenue fell short of forecasts from financial analysts.
KEEPING SCORE: Dow Jones industrial average futures were down 22 points to 16,333 before the opening bell. Standard & Poor's 500 index futures were up 0.3 points to 1,838, and Nasdaq futures rose six points to 3,616.
BIG BLUES: IBM shares fell $7.18, or 3.8 percent, to $181.25 in premarket trading after the computing company reported lower-than-expected revenue in the fourth quarter. IBM's revenue fell 5.5 percent, hurt by a drop at its hardware business. Profit, meanwhile, rose 6 percent and adjusted earnings beat Wall Street predictions.
HANDBAGS: Shares of Coach fell $3.67, or 7.2 percent, to $48.78 after the company reported a lower quarterly profit, citing weakness in women's bags and accessories in North America.
TREASURIES AND COMMODITIES: The yield on the 10-year Treasury note climbed to 2.85 percent from 2.83 percent on Tuesday. The price of oil rose 78 cents, or 0.8 percent, to $95.78 a barrel. Gold was little changed from Tuesday at $1,241.50 an ounce.
- Low gas prices are great, but could be...
- Should toy marketing be gender neutral?
- What are people gifting this year? Data from...
- Selling gold, precious metals part of...
- Dave Ramsey says: Make the most of a...
- Wal-Mart tests gift card exchange
- Sony broadly releases 'The Interview' in...
- Bad Santa? 5 tips to tackle your holiday gift...
- BBC exposes inhumane working conditions... 6
- Sony announces limited release for 'The... 5
- Survey finds fewer women working now... 5
- About Utah: They're best in the world 3
- Low gas prices are great, but could be... 3
- California puzzles over safety of... 1
- US home sales dropped sharply in November 1
- US consumer spending up solid 0.6 pct.... 1