Stocks point higher after bumpy week

  @CNNMoneyInvest April 19, 2013: 8:21 AM ET
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NEW YORK (CNNMoney)

Stocks look set to recover from two straight days of losses Friday as investors digest another swath of corporate earnings.

U.S. stock futures were higher, a day after losses in technology and financial shares sent U.S. stocks lower Thursday.

A big week for corporate earnings concludes Friday with results due before the opening bell from a trio of big firms.

McDonald's (MCD, Fortune 500) reported higher quarterly revenues and profit, but a decline in same-store sales. Shares fell 2% in premarket trading. Honeywell (HON, Fortune 500) reported an increase in first quarter earnings, pushing up its stock price by 1%.

General Electric (GE, Fortune 500) reported better-than-expected earnings and revenue, though the conglomerate ended the quarter with a big backlog of equipment and services. Shares fell more than 2%.

Related: Fear & Greed Index stuck in fear

A trio of tech heavyweights reported after the bell Thursday.

IBM (IBM, Fortune 500) reported first-quarter results that fell short of estimates, prompting its stock to drop 4% . Microsoft (MSFT, Fortune 500) got a big boost in its latest earnings report from strong Windows 8 sales, pushing up its stock 2%.

Google (GOOG, Fortune 500) earnings topped estimates, even as the search giant faces challenges with how to make money off mobile ads and its Motorola smartphone unit. The company's stock rose nearly 2% in premarket trading.

Chipolte's (CMG) share price rose 5% after reporting earnings on Thursday that showed increases in revenue, income and same-store sales.

Dell's (DELL, Fortune 500) stock fell more than 2% following reports that Blackstone (BX) dropped its bid to buy the computer company.

Analysts expect earnings for S&P 500 companies to rise by 1.85%, according to S&P Capital IQ. So far, 91 S&P 500 companies have reported, with 64 beating forecasts, 19 missing and 8 coming in in line.

European markets moved higher in morning trading, led by the CAC 40 in Paris with a gain of 1.4%, while Asian markets also ended firmer. The Shanghai Composite closed up 2.1%, Hong Kong's Hang Seng up 2.3% and Japan's Nikkei up 0.7%. To top of page



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