Premarket, futures are mixed. Gainers this morning include IGT (+4.47%), IBM, AMD, WPX and NFLX while losers include COH (-16.64%), STX, DGX, FSLR and LLY

The Market

McDonald’s (MCD) reported better-than-expected quarterly earnings and revenue growth, but warned that same-store sales could fall in January.

IBM (IBM) jumped 4% in premarket trading. The company beat fourth-quarter earnings and sales forecasts, and raised its outlook for the year.

Earnings Reports

Earnings reports (estimates): AAPL-Apple ($13.50), MCD-McDonalds (1.33), UTX-United Technology (1.03), AMGN-Amgen (1.39), ABBV-Abbvie (0.99), ABT-Abbott Labs (0.46), PX-Praxair (1.38), GD-General Dynamics (1.89), SYK-Stryker (1.12), CCI-Crown Castle (0.13), BHI-Baker Hughes (0.61), WLP-Wellpoint (0.94), APD-Air Products (1.29), COH-Coach (1.28), TEL-TE Connectivity (0.64), MSI-Motorola Solutions (1.02), SYMC-Synamtec ().38), STJ-St Jude Medical (0.89), SNDK-Sandisk (0.76), WDC-Western Digital (1.82), ALTR-Altera (0.39), NE-Noble Corp. (0.61), CHKP-Check Point Software (0.88), DGX-Quest Diagnostic (1.04), VAR-Varian Medical (0.87), TXT-Textron (0.56), FFIV-F5 Networks (1.15).

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +15.2% with purchase sub-index +12.9% and refinancing sub-index +15.3%.

0900 ET Nov FHFA house price index expected +0.7%, Oct +0.5% m/m.

0945 ET Chicago PMI revision.

1000 ET IMF released World Economic Outlook.

1630 ET API weekly U.S. oil statistics.