U.S. stocks were poised for a positive open today as investors prepare for another host of corporate results. Those released today continue the trend of topping expectations, but also continue the trend of lower sales than a year ago. In the latest round of reports, SanDisk, Ford, 3M, EBay, Kimberly Clark, and AT&T topped estimates. Still to come are reports from Ameriprise Financial, Amazon.com, American Express, Burlington Northern, Microsoft and others.
In the morning's economic news, jobless claims rose by 30,000 to 554,000, snapping a four-week streak of declines. Continuing claims for the week ending July 11 fell 88,000 to 6.225 million, marking the second straight decline. Still to come, June existing home sales are due at 10:00 am ET.
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