Stocks: Chipper after the long weekend

Written By limadu on Senin, 21 April 2014 | 23.11

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NEW YORK (CNNMoney)

U.S. stock futures were slightly higher ahead of another round of quarterly earnings.

Kimberly-Clark (KMB, Fortune 500), a producer of consumer products including Kleenex, reported a loss that was smaller than the loss reported a year ago. The CEO blamed "cost inflation."

Toy company Hasbro (HAS) and energy producer Halliburton (HAL, Fortune 500) reported gains in net income, after reporting losses a year earlier.

Netflix (NFLX) will be reporting after the market closes. The stock has been one of Wall Street's big momentum plays and the top performer in the S&P 500 last year, with an incredible 269% rise. But tech stocks have been volatile over the past several weeks, and Netflix shares are down 6% this year.

Related: Fear & Greed Index gripped by fear

There are many other big earnings announcements set for later in the week. McDonald's (MCD, Fortune 500), Apple (AAPL, Fortune 500) and Facebook (FB, Fortune 500) will all be reporting.

But it's a slower week for economic data releases, with none set for Monday. The latest existing home sales report will be released on Tuesday.

Related: Here's what to expect this week in the stock market

All the major European markets were closed Monday for the Easter holiday.

Some Asian markets were open, but they weren't moving in unison. The Shanghai Composite index fell by 1.5% -- but other major indexes were little changed. To top of page

First Published: April 21, 2014: 5:15 AM ET


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