US Stock Futures Down As Investors Await Morgan Stanley Results, Economic Data

US stock futures are lower this morning as investors are awaiting earnings report from Morgan Stanley MS and economic data on weekly jobless claims and home sales. Futures on the Dow Jones Industrial Average dropped 21 points to 11,765.00, while S&P 500 futures declined 1.3 points to 1,277.20. Nasdaq 100 futures lost 1.75 points to 2,292.75. US stocks dropped yesterday, with the Dow Jones Industrial Average dropping 12.64 points, or 0.11%. Economic data on weekly jobless claims will be released at 8:30 a.m. ET. However, data on existing home sales, leading indicators for December and the Philly Fed index for January will be released at 10 a.m. ET. Morgan Stanley MS is expected to post its Q4 earnings at $0.35 per share on revenue of $7.35 billion. Advanced Micro Devices Inc AMD is expected to report its Q4 EPS at $0.11 on revenue of $1.63 billion. Capital One Financial Corporation COF is forecast to report its Q4 earnings at $1.27 per share on revenue of $3.87 billion. Google Inc GOOG is projected to report its Q4 EPS at $8.07 on revenue of $6.05 billion. Johnson Controls Inc JCI is estimated to report its Q1 EPS at $0.54 on revenue of $8.95 billion. Southwest Airlines Company LUV is likely to report its Q4 EPS at $0.16 on revenue of $3.08 billion. UnitedHealth UNH reported its Q4 EPS at $0.94, beating the consensus of $0.84. UNH reported its Q4 revenue at $24 billion, versus the estimates of $23.75 billion. eBay Inc EBAY reported its Q4 net income of $0.42 per share, down from $1.02 per share, in the year-ago period. On an adjusted basis, the company's earnings increased 17% y/y to $684 million, or $0.52 per share. EBAY's revenue surged 5% y/y to $2.5 billion. Seagate Technology Plc STX reported its FQ2 profit of $0.31 per share, versus $1.03 per share, in the year-earlier period. STX reported its adjusted income at $0.33 per share. The company's revenue came in at $2.72 billion, compared with $3.03 billion, in the year-ago quarter. Negative sentiment ruled the European markets today. While STOXX Europe 600 Index has dropped 0.97%, London's FTSE 100 Index moved down 1.53%. China's Q4 gross domestic product increased 9.8% y/y. Asian markets ended in the negative territory, with Japan's Nikkei Stock Average dropping 1.13%, Australia's S&P/ASX 200 moving down 1.06% and China's Shanghai Composite falling 2.92%. Against the Japanese yen, the US dollar gained about 0.2806%. Against the greenback, the euro gained about 0.2078%. Crude oil for February delivery dropped $0.41 to $90.45 per barrel, while gold futures for February moved down $6.30 to $1,363.90 an ounce. Read more from Benzinga's Markets.