Wall St futures signal gains on upbeat Intel results

* U.S. stocks (Read more about the stock market today. ) futures rose on Wednesday, pointing to a
higher start for Wall Street after the world’s top chipmaker
Intel Corp (INTC.O: ) posted better-than-expected first-quarter
results and gave an outlook that topped Wall Street forecasts.

* By 0818 GMT, futures for the Dow Jones (DJc1: ) rose 0.2
percent, S&P 500 futures (SPc1: ) were up 0.2 percent and Nasdaq
futures (NDc1: ) climbed 0.4 percent.

* Intel Corp’s (INTC.O: ) above-forecast sales and margin
expectations, which were released after U.S. markets closed on
Tuesday, reinforced hopes for an acceleration in the technology
sector’s recovery and lifted tech stocks in Europe and Asia.
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* Intel shares in Frankfurt (INTC.F: ) rose 4.3 percent.

* JPMorgan Chase (JPM: ) is expected to release first-quarter
results before U.S. markets open on Wednesday, with analysts
forecasting the bank to post earnings per share of $0.64
compared to $0.40 a year ago on hopes of a healthier mortgage
and loans sector.

* Other companies reporting quarterly results on Wednesday
include W.W.Grainger (GWW.N: ) and Yum! Brands (YUM.N: ).

* U.S. stocks (Read more about the stock market today. ) eked out a gain on Tuesday as investors looked
ahead to earnings from big banks and tech bellwethers even as
disappointing revenue from Alcoa Inc (AA.N: ) acted as a headwind.

* Shares of CSX Corp (CSX.N: ) rose more than 3 percent after
the bell on Tuesday to $54.70 following the release of the
company’s first-quarter results. [ID:nASA007ZB]

* Semiconductor company Advanced Micro Devices (AMD.N: ) rose
3.2 percent to $9.27 after the bell, buoyed by Intel’s results.

* Linear Technology Corp (LLTC.O: ) rose more than 3 percent
to $30.65 after the bell, following the release of the company’s
quarterly results.

* U.S President Barack Obama will try to turn up the
pressure for an overhaul of Wall Street regulations as he meets
on Wednesday with top Democratic and Republican lawmakers to
discuss a sweeping package of reforms.

* Richmond Federal Reserve Bank President Jeffrey Lacker
said on Tuesday he thinks the time to drop the Fed’s promise to
hold rates low for a long time might be drawing nearer. Fed
Chairman Ben Bernanke is scheduled to discuss the economic
outlook in a congressional testimony on Wednesday.

* Data set for release on Wednesday include MBA 30-year
mortgage rate and MBA purchase index for the week ahead at 1100
GMT, retail sales and consumer prices for March at 1230 GMT and
February’s business inventories at 1400 GMT.

Stock Market Trading
(Reporting by Harpreet Bhal; Editing by Jon Loades-Carter)

Wall St futures signal gains on upbeat Intel results