Stock futures edge higher as earnings loom

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Associated Press

Posted on October 21, 2013 at 8:34 AM

Updated Monday, Oct 21 at 9:04 AM

NEW YORK (AP) — U.S. stock futures are rising slightly at the beginning of a busy week of corporate earnings reports.

Dow Jones industrial futures are up 4 points at 15,320. The broader Standard & Poor's 500 futures are up 1 point at 1,738. Nasdaq futures are up 8 points to 3,350.

Fast-food chain McDonald's Corp.'s stock fell after it issued a tepid outlook. It's down almost 2 percent at $93.41.

Stocks driving the Dow in premarket trading include AT&T, up almost 2 percent at $35.30. The telecom giant announced a deal to lease or sell the rights to 9,700 wireless towers for $4.85 billion.

Investors will get a long-awaited look at an important economic indicator on Tuesday, when the September U.S. unemployment report comes out after being delayed by the government shutdown.

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