US futures mixed as earnings roll out

Associated Press
FILE - In this Oct. 20, 2012 photo, people line up to enter a newly-opened Apple Store in Wangfujing shopping district in Beijing. Apple's profit surge halted in the latest quarter, as a flood of new products like the iPhone 5 meant high start-up costs for new production lines. Apple posted net income for the October to December quarter that was flat with the year before. It was the first time in years that Apple didn't post a double-digit earnings increase. (AP Photo/Andy Wong, File)
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NEW YORK (AP) — Stock futures are mixed for the third straight day as U.S. companies, particularly in the tech sector, are being either trounced or adored by investors.

Shares of Apple Inc. are down 9 percent, while shares of Netflix Inc. are soaring 36 percent after both companies posted earnings late Wednesday.

Dow Jones industrial futures are up 4 points to 13,723. The broader S&P futures have lost 3.3 points to 1,487. Nasdaq futures are down 34.25 points to 2,724.74, largely due to the weight of Apple.

Southwest Airlines Co. said that earnings were nearly cut in half because of money spent on fuel and maintenance, but shares are up in premarket trading. Its rival, United Continental, says losses widened in the fourth quarter and revenue dipped.

United shares are down before the opening bell.

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