Morning Market Update Feb 18, 2010: (NYSE:HPQ) (NYSE:WMT)

U.S. stock futures are trading mixed Thursday after Wal-Mart (NYSE:WMT) reported disappointing sales and ahead of a number of economic reports. The Labor Department releases its weekly jobless claims report at 8:30 AM ET. Economists expect that workers seeking unemployment benefits fell modestly to 430,000 last week, from 440,000 the previous week. The Labor Department will also release a report on inflation at the same time. Economists expect the Producer Price Index rose 0.7% in January, following a 0.2% rise in December. Without volatile goods, such as energy and food, prices are expected to rise 0.1%. Other reports due out include the February Philadelphia Fed index and January leading indicators. In corporate news, Wal-Mart (NYSE:WMT) reported Q4 EPS of $1.17, ex-items, topping consensus estimates of $1.12. Sales in the quarter rose 4.6% year-over-year to $112.8 billion, but came in short of consensus estimates of $114.4 billion. Hewlett-Packard (NYSE:HPQ) shares rose 1% in pre-market trading after it reported a 25% profit rise and raised its fiscal-year revenue outlook. The Dow Jones Industrial Average (DJI) futures are trading 10.00 points below fair value, the S&P500 (INX) futures are trading 2.00 points below fair value, and the Nasdaq Composite (IXIC) futures are trading 0.75 points above fair value.