US Stock Futures Mostly Up As Investors Await Earnings Report, Apple Shares Drop

US stock futures are mostly higher this morning as investors are awaiting earnings report from several companies. However, shares of Apple Inc AAPL dropped in pre-market trading. Futures on the Dow Jones Industrial Average rose 37 points to 11,762.00 and S&P 500 futures gained 2.20 points to 1,292.20. However, futures on the Nasdaq 100 dropped 12.50 points to 2,307.50. US markets were closed on Monday for the Martin Luther King, Jr. Day holiday. US stocks closed higher on Friday, with the Dow gaining 55.48 points, or 0.47%. The Empire State Manufacturing Survey for January will be released at 8:30 a.m. ET. The NAHB Housing Market Index for January is due after the opening bell. Shares of Apple Inc AAPL dipped about 5% in pre-market trading as the company's Chief Executive Officer (CEO) Steve Jobs reported that he will take another medical leave for focusing on his health. Apple is expected to report its FQ4 EPS at $5.38 on revenue of $24.38 billion.. Wall Street expects Citigroup Inc C to report its Q4 earnings at $0.08 per share on revenue of $20.45 billion. Analysts expect International Business Machines Corp IBM to report its Q4 earnings at $4.08 per share on revenue of $28.26 billion. TD Ameritrade Holding Corporation AMTD is likely to post its FQ1 EPS at $0.25 on revenue of $647.81 million. Analysts are expecting Delta Air Lines Inc DAL to have earned $0.26 per share on revenue of $7.73 billion in its fourth quarter. Positive sentiment ruled the European markets today. While STOXX Europe 600 Index has advanced 0.97%, London's FTSE 100 Index moved up 1.12%. Mostly Asian markets ended in the positive territory, with Japan's Nikkei Stock Average gaining 0.15%, Australia's S&P/ASX 200 moving up 0.80% and China's Shanghai Composite rising 0.09%. The US dollar dropped versus most of its major rivals, with the dollar index losing 0.63%. The euro advanced 1% to $1.3393. The British pound surged 0.8% to $1.6034, after data depicted 3.7% y/y rise in the UK's annual inflation in December. Crude oil for February delivery advanced $0.16 to $91.70. The International Energy Agency lifted its global oil demand projections this year. However, gold futures gained $7 to $1,367.50 an ounce in electronic trading on Globex. Read more from Benzinga's Markets.