US stock futures are mixed this morning, as investors are awaiting key gross domestic product data and earnings reports from several companies. Futures on the Dow Jones Industrial Average gained 2 points to 12,643.00 and S&P 500 index futures rose 0.10 point to 1,351.10. Futures on the Nasdaq 100 fell 0.75 point to 2,408.25.
On Wednesday, the Dow Jones Industrial Average gained 0.76% to 12,690.96, the S&P 500 index surged 0.62% to 1,355.66 and the Nasdaq 100 index rose 0.78% to 2,869.88.
Data on first-quarter GDP data and weekly jobless claims will be released at 8:30 a.m. ET. Data on pending home sales for March will be released at 10 a.m. ET.
Microsoft Corp MSFT is expected to post its FQ3 earnings at $0.56 per share on revenue of $16.20 billion. Viacom Inc VIA is projected to report its FQ2 EPS at $0.61 on revenue of $3.00 billion. Safeway Inc SWY is estimated to report its Q1 EPS at $0.28 on revenue of $9.44 billion.
Exxon Mobil Corp XOM is projected to report its Q1 earnings at $2.06 per share on revenue of $114.85 billion. PepsiCo Inc PEP is estimated to report its Q1 earnings at $0.73 per share on revenue of $11.71 billion. Bristol-Myers Squibb Co BMY is expected to report its Q1 earnings at $0.53 per share on revenue of $4.95 billion. Procter & Gamble Company (The) PG is projected to report its FQ3 EPS at $0.97 on revenue of $20.29 billion.
eBay Inc EBAY reported a 20% surge in its Q1 earnings. The company reported net earnings at $476 million, or $0.36 per share, up from $398 million, or $0.30 per share, in the year-ago period. On a non-GAAP basis, the company's earnings came in at $619 million, or $0.47 per share. The company's revenue surged 16% to $2.55 billion. However, analysts expected earnings of $0.46 per share on revenue of $2.48 billion. The company projected Q2 earnings of $0.45 to $0.46 per share, on revenue of $2.55 billion to $2.65 billion. However, analysts expected Q2 earnings of $0.46 per share on revenue of $2.52 billion.
Exelon Corp EXC announced its plans to acquire Constellation Energy Group Inc CEG for $38.59 per share, or $7.9 billion in total equity value.
Panasonic Corp PC announced its plans to cut 35,000 jobs by March 2013.
Federal Reserve Chairman Ben Bernanke decided to leave the interest-rate target unchanged at 0% to 0.25% in the Fed's first post-statement press conference.
European markets were higher today. While STOXX Europe 600 Index has gained 0.15%, London's FTSE 100 Index moved up 0.08%.
Most Asian markets ended lower, with Japan's Nikkei Stock Average gaining 1.63%, Australia's S&P/ASX 200 moving down 0.04% and China's Shanghai Composite dropping 1.30%. Hong Kong's Hang Seng Index fell 0.37% and India's Sensex lost 0.84%.
Gold futures for May delivery on Nymex surged $16.10 to $1,532.70 an ounce. However, silver futures for May delivery gained $2.02 to $47.98 an ounce.
The US dollar dropped versus its major rivals. Against the Japanese yen, the dollar declined to ¥81.75, versus ¥82.05 late Wednesday. Against the greenback, the euro rose to $1.4840, versus $1.4792 late Wednesday. Against the dollar, the British pound climbed to $1.6714 from $1.6635.
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