NEW YORK (Reuters) - The Dow and the S&P 500 stock index futures pared losses on Wednesday after bank JPMorgan Chase (JPM.N: Quote, Profile, Research, Stock Buzz) and Coca-Cola (KO.N: Quote, Profile, Research, Stock Buzz) posted quarterly results.
The world's largest soft-drink maker's profit beat Wall Street's estimates.
Nasdaq stock index futures rose a day after chip maker Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) posted a stronger-than-expected quarterly profit.
S&P 500 futures dropped 12 points and were slightly below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures were down 88 points, and Nasdaq 100 rose 9.50 points.
(Reporting by Ellis Mnyandu; Editing by Kenneth Barry)
