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- Before the bells: Stocks poised for flat open
Before the bells: Stocks poised for flat open
U.S. stocks were headed for a flat open Monday, as investors mulled earnings results from McDonald's and Halliburton, with no market-moving economic reports on tap.
Stocks closed mixed Friday, with technology shares lagging behind the broader market. For the week, the Dow gained 1.2% while the S&P was flat. The Nasdaq lost about 1.7% over the last five trading days.
Companies: Before the opening bell, Halliburton (HAL, Fortune 500) logged earnings of 68 cents a share on revenue of $5.2 billion. That beat expectations, with analysts looking for earnings of 63 cents, on $4.9 billion in revenue. Shares of the company edged up modestly in pre-market trading.
McDonald's (MCD, Fortune 500) reported earnings of $1.16 per share on revenue of $6.2 billion - in line with expectations. Shares of the fast food chain slipped 0.5%.
American Express (AXP, Fortune 500) is expected to report earnings of 97 cents per share, on revenue of $7.3 billion, after the market close.
Sara Lee Corp. (SLE, Fortune 500) jumped 2% in pre-market trading on reports the food company received a takeover bid higher than its current market value, from a group of private equity firms.
World markets: European stocks were mixed in morning trading. Britain's FTSE 100 edged up 0.3%, while the DAX in Germany slipped 0.5% and France's CAC 40 was flat.
Asian markets ended the session mixed. The Shanghai Composite slid 0.7% and the Hang Seng in Hong Kong fell 0.3%, as Japan's Nikkei ticked up 0.7%.
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