In this Jan. 10, 2012 photo, Warren Meyers, left, works with fellow traders on the floor of the New York Stock Exchange. World markets mostly rose Wednesday, Jan. 11, on hopes that the U.S. economic recovery will gather pace, helping corporate earnings and easing some of the stress generated by Europe's debt crisis. (AP Photo/Richard Drew)
In this Jan. 10, 2012 photo, Warren Meyers, left, works with fellow traders on the floor of the New York Stock Exchange. World markets mostly rose Wednesday, Jan. 11, on hopes that the U.S. economic recovery will gather pace, helping corporate earnings and easing some of the stress generated by Europe's debt crisis. (AP Photo/Richard Drew)
NEW YORK (AP) ? Wall Street futures are mostly edging lower after earnings fell at J.P. Morgan Chase & Co and missed expectations on weak investment-banking returns.
Dow futures are down 0.1 percent at 12,401, while S&P 500 futures are down 0.2 percent at 1,290. Nasdaq futures are up a point at 2380.
The weakness at J.P. Morgan opened the season for financial earnings on a sour note. Its shares fell in premarket trading.
Surprisingly strong bond auctions in Spain and Italy on Thursday reinforced hopes that policymakers may be getting a grip on Europe's debt crisis after months of indecision. European and Asian markets mostly rose.
Though a pickup in the stream of U.S. earnings will steer markets over the coming days, Europe's debt crisis is likely to remain the main focus.
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