Stock futures mixed amid earnings, merger news

[February 04, 2010]  KUALA LUMPUR, Malaysia (AP) -- Stock futures are mixed as uneasy investors focus on the first big week of corporate earnings reports.

Investors are wary about earnings after a disappointing report from JPMorgan Chase & Co. on Friday helped send stocks sharply lower. Another big bank, Citigroup Inc., issues its fourth-quarter results before the market opens Tuesday. IBM Corp. is expected to release earnings later in the day.

News that Kraft Foods Inc. and Cadbury PLC agreed to a $18.9 billion deal is having little effect on trading. Investors are also showing little reaction to the unsurprising bankruptcy filing by Japan Airlines.

Dow Jones industrial average futures are down 13, or less than 0.1 percent, at 10,550. Standard & Poor's 500 index futures are down 1.60, or 0.1 percent, at 1,130.70, while Nasdaq 100 index futures are up 1.25, or 0.1 percent, at 1,863.50.

[Associated Press; By IEVA M. AUGSTUMS]

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