*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook. NEW YORK, Oct 10- U.S. stocks were set for a slightly lower open on Wednesday as earnings season started with a warning from Alcoa about slower aluminum consumption, underscoring concerns about sluggish worldwide growth.
Take a look at some of Wednesdays morning movers.
U.S stock index futures struggled for direction Wednesday amid ongoing worries over the euro zone and jitters about sluggish global growth.
*Alcoa beats expectations but cautions of slowdown. NEW YORK, Oct 10- U.S. stock index futures edged lower on Wednesday after Alcoa kicked off earnings season by warning of a slight slowdown in some markets, highlighting concerns about sluggish global growth, even as its quarterly results beat expectations. Alcoa shares lost 0.7 percent to $9.07 in.
*Alcoa beats expectations but cautions of slowdown. *Yum Brands defies China sluggish growth, raises outlook.
Pizza Hut is offering a lifetime of free pizza _ one large pie a week for 30 years _ or a check for $15,600 to anyone who poses the question to either President Barack Obama or Republican candidate Mitt Romney during the live Town Hall- style debate next Tuesday.
PARIS, Oct 10- U.S. stock index futures pointed to a flat opening on Wall Street on Wednesday, with futures for the S&P 500 up 0.06 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures up 0.02 percent at 0830 GMT.
Equities finish lower, Alcoa and Yum get earnings season off to a good start.
A sudden bubbling up of oil prices has shifted market focus to the Middle East, heading into Wednesday’s session.
YUMMY: Third-quarter profit at Yum Brands Inc. rose 23 percent, thanks to rebounding profit growth in China and strong demand in the U.S. at its Taco Bell, Pizza Hut and KFC chains. CHINESE FOOD: Third-quarter operating profit rose 22 percent in China. Yum expects to open at least 750 new restaurants in China this year, up from its prior forecast of 700 new stores.
Among the earnings stories for Tuesday, Oct. 9, from AP Business News:. _ Aluminum manufacturer Alcoa Inc. said that it lost $143 million in the third quarter due to hefty one-time charges but the results topped Wall Street estimates.
LOUISVILLE, Ky.-- For the owner of the Taco Bell, Pizza Hut and KFC chains, it was a profitable combo _ higher demand in the U.S. and a quick turnaround in its fast-growing China division. Operating profit in China rose 22 percent, when adjusted for currency fluctuations.
Check out which companies are making headlines after the bell Tuesday.
Stocks closed near session lows Tuesday, with most key S&P sectors finishing in the red, amid fears over slowing global growth and ahead of what many expect will be a weak earnings season.
NEW YORK, Oct 9- Yum Brands Inc:.
LONDON, Oct 9- UK shares fell for a second session on Tuesday, dented by a wary view of Europe's debt troubles and concerns that gloomy global economic data bodes ill for the upcoming corporate earnings season.
Indexes fell on Wall Street as investors reacted to another weak forecast on the global economy and ahead of the traditional start of earnings season: results from Alcoa, the aluminum maker and economic bellwether, which come out after the closing bell.
U.S stock index futures struggled for direction Tuesday as investors remained on edge over worries about slowing global growth and ahead of the third-quarter earnings season.
NEW YORK-- Stock futures were mixed Tuesday with a new outlook on the global economic landscape y providing markets with fewer reasons to overlook what is likely to be a weak quarter for many of the biggest U.S. corporations.
NEW YORK-- Investors are hoping to see a rebound in profit from operations in China when Yum Brands Inc. reports its fiscal third-quarter earnings after Tuesday's closing bell. The China business had strong sales growth in the quarter, but inflation reduced its profit.