US STOCKS-Wall St to open higher after 3-day slump, earnings

martes 14 de octubre de 2014 09:16 GYT
 

* JPMorgan falls after results

* Citigroup, Johnson & Johnson climb after earnings

* Futures up: Dow 59 pts, S&P 10.25 pts, Nasdaq 25.5 pts (Updates prices, adds premarket actives)

By Chuck Mikolajczak

NEW YORK, Oct 14 (Reuters) - U.S. stocks were poised for a higher open on Tuesday, putting the S&P 500 on track to snap its worst three-day drop since November 2011, as investors turned their focus away from global growth concerns and towards corporate earnings.

JPMorgan Chase shares lost 1.8 percent to $57.13 in premarket, after the biggest U.S. bank posted third-quarter earnings. The results were released earlier than anticipated on an investment website ahead of its official release on Tuesday.

Fellow banks Citigroup gained 2.2 percent to $51 while Wells Fargo declined 1.2 percent to $49.59 after posting quarterly results.

Johnson & Johnson shares were up 1.6 percent to $100.69 in premarket trade after the diversified healthcare company reported better than expected quarterly earnings.

"I'm not sure the earnings have to be unbelievably strong but simply just reflecting some growth would help blunt the momentum of the market moving down," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.   Continuación...