US Stock Futures Flat Ahead Of Earnings

Pre-open movers US stock futures traded flat in early pre-market trade. Wells Fargo & Co WFC and Netflix, Inc. NFLX are scheduled to report their quarterly earnings today. The Producer Price Index for September and retail sales data for September will be released at 8:30 a.m. ET. Data on business inventories for August will be released at 10:00 a.m. ET. The Federal Open Market Committee will release its Beige Book report at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average gained 4 points to 16,977.0, while the Standard & Poor's 500 index futures rose 0.50 points to 1,994.50. Futures for the Nasdaq 100 index slipped 4.25 points to 4,337.00. A Peek Into Global Markets European markets were lower today, with the Spanish Ibex Index declining 0.20 percent, STOXX Europe 600 Index dropping 0.29 percent and German DAX 30 index dropping 0.56 percent. French CAC 40 Index declined 0.33 percent and London's FTSE 100 Index fell 0.57 percent. In Asian markets, Japan's Nikkei Stock Average declined 1.89 percent, Hong Kong's Hang Seng Index fell 0.71 percent, China's Shanghai Composite Index declined 0.93 percent and India's BSE Sensex slipped 0.25 percent. Broker Recommendation Analysts at JMP Securities downgraded Twitter Inc TWTR from Market Outperform to Market Perform. Twitter shares gained 1.08 percent to close at $29.06 yesterday. Breaking news

• Bank of America Corp BAC reported better-than-expected earnings for the third quarter on Wednesday. To read the full news, click here.
• Iron Mountain Incorporated IRM, the storage and information management company, today announced its intention to acquire Crozier Fine Arts, a storage, logistics and transportation firm for high-value paintings, photographs and other types of art belonging to individual collectors, galleries and art museums. To read the full news, click here.
• Delta Air Lines, Inc. DAL reported upbeat earnings for the third quarter on Wednesday. To read the full news, click here.
• XPO Logistics, Inc. XPO today announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Con-way Inc. CNW for $47.60 per share in cash. To read the full news, click here.