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Stock index futures pointed to a mixed open for Wall Street as earnings season accelerates with the release of numbers from some high-profile companies.
A larger-than-expected rise in producer prices also caused futures to come well off their morning highs.
Earnings season kicked into full gear Tuesday with two very significant pre-market releases: quarterly numbers from Goldman Sachs and Dow stock Johnson & Johnson .
Johnson & Johnson posted earnings of $3.2 billion that beat expectations, while also affirming its full-year outlook. Shares gained 0.6 percent in premarket trading but were well off their
earlier highs.
Goldman shares fell 0.4 percent following its earnings report, causing futures to pare some earlier gains, even though the numbers appeared to beat analyst estimates. The company reported
net income for common shareholders of $2.7 billion, or $4.93 a share, compared with $2.05 billion, or $4.58 a share, in the closest year-earlier quarter.
After the closing bell, investors will be focused on earnings releases from computer chip giant Intel, smaller chipmaker Altera, and KFC, Taco Bell and Pizza Hut parent Yum Brands .
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