U.S stock index futures turned slightly higher after a better-than-expected housing starts report, but some tech heavyweights put a damper on gains.
Housing starts jumped 15 percent to a seasonally adjusted annual rate of 872, 000 units in September, soaring to its fastest rate since 2008 , according to the Commerce Department. Economists polled had expected a rise to a 770, 000-unit rate, according to a Reuters poll.
Among earnings, Bank of America reported a breakeven quarter , exceeding expectations for a loss. But revenue was lighter than expected.
Pepsico posted higher-than-expected earnings , but revenue fell slightly short due to the stronger U.S. dollar.
But a batch of major tech companies limited gains.
Intel reported quarterly results that beat Wall Street's forecast but its outlook came in light as the personal computer industry wrestles with a shaky global economy and a shift by consumers toward tablets.