* Futures: Dow up 29 pts, S&P down 1.25 pts, Nasdaq up 1.25
By Yashaswini Swamynathan
April 26 U.S. stock index futures were little
changed on Wednesday amid a flood of corporate earnings, while
investors awaited President Donald Trump's tax plan.
* Trump is proposing to slash the corporate income tax rate
and offer multinational businesses a steep tax break on overseas
profits brought into the United States, officials said late on
* The plan could provide a shot in the arm to the
post-election rally, which has stalled in recent weeks over the
lack of clarity on Trump's pro-growth policies and the failure
of a healthcare reform bill.
* A flurry of quarterly earnings could also provide fresh
catalysts for trading. Shares of United Technologies,
Nasdaq Inc and Northrop Grumman were up in
premarket trading after the companies reported a rise in
* Boeing, Amgen and PayPal are
scheduled to report results on Wednesday.
* Nearly 78 percent of S&P 500 companies that have reported
results until Tuesday have topped earnings expectations,
according to Thomson Reuters I/B/E/S. Overall profit for the
index is estimated to have risen 11.4 percent - the best since
* Wall Street is coming off its best two-day gain of the
year after a favorable French election outcome and strong
earnings boosted investor optimism and sparked demand for risk
* The Nasdaq Composite index breached the 6,000 mark
for the first time ever on Tuesday, while other indexes came
within spitting distance of their peaks.
* Wynn Resorts jumped 5.7 percent to $125 after the
casino operator reported better-than-expected revenue from its
new casino in China's gambling territory.
* United States Steel tumbled nearly 17 percent to
$25.87 after the steelmaker's profit and revenue missed
* Twitter jumped 11 percent after reporting its
strongest growth in monthly active users in more than a year and
a quarterly profit that blew past expectations.
Futures snapshot at 6:59 a.m. ET:
* Dow e-minis were up 29 points, or 0.14 percent,
with 18,754 contracts changing hands.
* S&P 500 e-minis were down 1.25 points, or 0.05
percent, with 89,250 contracts traded.
* Nasdaq 100 e-minis were up 1.25 points, or 0.02
percent, on volume of 16,068 contracts.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by