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Friday
Jan132012

US Stock Futures Mixed Ahead of JP Morgan Quarterly Report

Hemera/Thinkstock(NEW YORK) -- Wall Street has started off 2012 on the right foot: stocks are up so far this year.

On Thursday, the stock market tacked on more gains, with the Dow Jones Industrial Average adding 22 points, the Nasdaq jumping 14 and the S&P 500 climbing three.

Whether or not Wall Street can add on to its postive momentum on Friday will likely depend on how well JP Morgan Chase performed in the fourth quarter. The company is set to report its results ahead of the opening bell. In anticipation, stock futures are mixed.

Meanwhile, successful bond autions in Europe lifted markets overseas. European stocks are trading higher on Friday and Asian ones mostly closed up. Japan's Nikkei index soared 1.36 percent, South Korea’s Kospi gained 0.60 percent, Hong Kong’s Hang Seng spiked 0.57 percent, and Australia’s S&P/ASX 200 added 0.36 percent.

China's Shanghai Composite and Taiwan’s Taiex, on the other hand, dropped, slipping 1.34 percent and 0.07 percent, respectively.

Copyright 2012 ABC News Radio

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