JPMorgan Reports Earnings and Chipotle Cuts Outlook: Morning Buzzers

Stock futures were mixed on Wednesday morning following a bevy of mixed economic news from around the world. Japan’s Nikkei index dropped over 2.5 percent, while the World Bank cut its global GDP growth outlook.

At 8:55 a.m.: S&P: -0.16%, Dow: -0.40%, NASDAQ: +0.13%.

Here’s what’s buzzing in the pre-market:Boeing

The Consumer Price Index for All Urban Consumers was unchanged in December, according to the Bureau of Labor Statistics. The CPI-U climbed 1.7 percent over the past 12 months, while the core index less food and energy climbed 0.1 percent.

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Japan’s two largest airlines, All Nippon Airways and Japan Airlines, have grounded their fleets of Boeing (NYSE:BA) 787 Dreamliners after one was forced to make an emergency landing after battery issues on a domestic flight. Japan’s transport ministry categorized the problem as “serious” but said the grounding of 24 total planes was voluntary. This comes amid a review of the plane by the Federal Aviation Administration in the U.S. Shares of Boeing were off as much as 3.3 percent in the pre-market…

Shares of JPMorgan Chase (NYSE:JPM) were off as much as 1 percent in the pre-market after the bank released its fourth-quarter earnings. Revenue rose 10 percent year over year, while net income increased 53 percent to $1.39 per diluted share for the same period. The bank still faces regulatory sanctions related to a huge trading loss last year.

Shares of Chipotle Mexican Grill (NYSE:CMG) fell as much as 7.8 percent in the pre-market after the company announced fourth-quarter projections below analyst estimates. The restaurant is expecting diluted earnings per share between $1.92 and $1.97, below the $2.09 analysts were looking for.

Dell (NASDAQ:DELL), currently in the throws of buyout speculation, has surged 21.5 percent over the past 5 trading days. But the rally is apparently running out of steam, and catalyzed by a downgrade from analysts at Argus (from “Buy” to “Hold”) shares were off 3.3 percent in the pre-market.

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