April 21, 2014 -- 8:30 a.m. - 04/21/14

Stock index futures are pointing to a slightly higher open on Monday. The Dow and S&P 500 are both up less than 0.1%. The NASDAQ is trading 0.2% above fair value on Globex.

The major averages are poised to advance as investors digest this mornings earnings releases. Halliburton is gaining 1% to $61.52 after forecasting profits above consensus estimates. Kimberly-Clark may be active following its better-than-expected quarterly results. Shares of Netflix are up 0.9% to $348.99 ahead of its scheduled earnings release after the close tonight.

On the economic front, a report from the Chicago Fed on economic activity matched consensus estimates. Shortly after the open, the leading index is projected to rise 0.7% in March after gaining 0.5% in the prior month.

Attention is also on Ukraine. Vice President Biden is traveling to the country to meet with leaders amid heightened tension after a three people were killed in a shootout over the weekend. The events come after an agreement was reached on Thursday in Geneva between the U.S., Russia, Ukraine and the European Union.

Europe is quiet with most markets remaining closed for the Easter holiday. In Asia, markets were lower overnight. The Nikkei finished down less than 0.1% in Tokyo after a report showed Japans trade deficit widened more-than-expected. Chinas Shanghai Composite declined 1.5% on the session.

Treasuries are higher with the 10-year note up 4/32 to yield 2.71%.

This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.

 

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