Alcoa is down twelve cents in pre-market trading today. Dow Futures are down twenty-two and S&P futures are down three quarters of a point. Crude futures are down a quarter of a point and gold futures are up one half of a point.

Earnings movement will continue today with Costco (COST), up almost 3% in pre-market trading. Net sales in the fourth quarter were up 14% from fourth quarter of the year before, with same store sales up 5%. Profits increased by 27% from the previous quarter. Yum! Brands (YUM) announced beating third quarter estimates, up about 23% from the same period last year. The stock is higher by about 4.7%.

Economic reports today include MBA purchase application, which measures new applications at mortgage lenders. Also, US treasury budget report around 2:00pm EST, which can be a predictor of future fiscal policy. The report measures the surplus or deficit of the federal government.