Stock futures poke into the green

|By:, SA News Editor

Stocks are on track for a modestly higher start as earnings season ramps up; S&P and Dow +0.2%, Nasdaq +0.1%.

Major European bourses trade near their flatlines, with Germany's DAX and France's CAC +0.1% and U.K.'s FTSE flat; in Asia, Japan's Nikkei closed +0.2% while China's Shanghai Composite finished flat.

Futures have shrugged off mixed housing data, as September housing starts fell to an annualized rate of 1.047M from 1.15M in August, but September building permits rose to 1.225M from 1.152M in August.

In company specific news, Dow component Intel -4.3% premarket as Q4 revenue and gross margin guidance fail to impress, but the company did beat Q3 top- and bottom-line estimates.

U.S. crude oil +1.4% at $51.31/bbl after the API said U.S. stockpiles fell by 3.8M barrels, vs. last week's build of 7.6M barrels.

Still ahead: EIA petroleum inventories, Fed Beige Book