After first losing week of 2004, investors consider American Express earnings, home sales report.
January 26, 2004: 5:34 AM EST
NEW YORK (CNN/Money) - U.S. stocks, fresh off their first losing week of 2004, will be subject to more corporate quarterly results and the December existing home sales figures as the investing week starts Monday.
At 5:30 a.m. ET, futures pointed to a lower start for the major indexes.
For details of Friday's mixed session, click above
With Friday's 0.5 percent decline, the Dow Jones industrial average wasn't able to cling to a modest advance and ended slightly lower for the week. The Nasdaq composite index couldn't move into the black even after a 0.2 percent gain to cap the week.
The day's December quarter earnings reports include Dow component American Express (AXP: Research, Estimates) during the trading day. Analysts surveyed by First Call expect the financial services company to have earned 59 cents a share, up from 52 cents a year earlier.
Due after the close is Dow component McDonald's (MCD: Research, Estimates). The provider of fast food is seen posting income of 35 cents a share, up from 25 cents a year earlier.
Among U.S. stocks trading in Europe, American Express shares were unchanged, while McDonald's was 2 percent higher.
On the economic front, the National Association of Realtors issues its December report on existing home sales. Economists surveyed by Briefing.com expect the annual sales rate to edge up to 6.1 million from 6.06 million. The report is due after the start of trading.
Asian-Pacific stocks ended mixed, with Tokyo's Nikkei index down 0.9 percent on weakness in bank stocks. European markets were modestly lower in early trading. (Check the latest on world markets)
Treasury prices gained ground, with the 10-year note yield down to 4.06 percent from 4.07 percent late Friday. The dollar was higher against the euro but lower versus the yen.
Brent oil futures slipped 43 cents to $30.53 a barrel in London, where gold pulled back in early trading.
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