MARKET PULSE-Coach, IBM, AMD, VMWare, AMAG Pharma, Parker Hannifin

Wed Jan 22, 2014 8:25am EST
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures were little changed on Wednesday, as investors looked to the next round of earnings reports for direction in a stock market that has been unable to find its footing after rallying about 30 percent last year. Dow Jones industrial average futures were down 0.23 percent at 16,318, S&P 500 futures were down 0.10 percent at 1,836.6 and Nasdaq 100 futures were up 0.03 percent at 3,610.75.

** COACH INC, Tuesday close $52.55, -5.86 pct premarket

The company said comparable sales in North America fell 13.6 percent in the final quarter of 2013, the latest sign it is losing share in the handbag market to fast-growing rivals such as Michael Kors Holdings Ltd and kate spade.

** IBM CORP, Tuesday close $188.43, -3.33 pct premarket

The world's biggest technology services company missed revenue expectations for the fourth consecutive quarter as it grappled with weakening demand for its servers and storage equipment, particularly in growth markets like China.

** FREEPORT MCMORAN COPPER & GOLD INC, Tuesday close $35.26, -2.18 pct premarket   Continued...