US futures mixed ahead of US earnings season

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Associated Press

Posted on October 9, 2012 at 6:32 AM

Updated Tuesday, Oct 9 at 6:36 AM

NEW YORK (AP) — Stock futures are mixed as a new outlook on the global economic landscape provides the markets with fewer arguments to overlook what is likely to be a weak quarter for many of the biggest U.S. corporations.

Alcoa opens the earnings season after the market closes and Wall Street expects the aluminum company to break even.

Dow Jones industrial futures are up 5 points to 13,506. The broader S&P futures are flat at 1,450.50. Nasdaq futures are down 2.25 points to 2,775.25.

The International Monetary Fund said Tuesday that the globe is at risk of a broad recession. Those problems are spreading to developing nations that experienced surging growth during the last recession.

The restaurants of Yum Brands, which also reports after the bell, saw that trend beginning in last quarter.

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