Futures mixed as Washington tries to avert crisis

January 23, 2013
A specialist checks a screen as his post on the floor of the New York Stock Exchange Tuesday, Jan. 22, 2013. World stock markets fell Wednesday Jan. 23, 2013 ahead of a U.S. vote on raising the nation's borrowing limit.  (AP Photo/Richard Drew)
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A specialist checks a screen as his post on the floor of the New York Stock Exchange Tuesday, Jan. 22, 2013. World stock markets fell Wednesday Jan. 23, 2013 ahead of a U.S. vote on raising the nation's borrowing limit. (AP Photo/Richard Drew)

NEW YORK (AP) — Stock futures are mixed as several strong earnings reports from U.S. corporations play out against the backdrop of another potential debt crisis in Washington.

Dow Jones industrial futures are down 4 points to 13,692. The broader S&P futures have lost 1.7 points to 1,487.70. Nasdaq futures are up 2.5 points to 2,753.50.

McDonald's Corp. on Wednesday topped expectations for the quarter and the full year, following a strong showing in the tech sector late Tuesday from Google, IBM and Cree Inc.

At the same time, Republicans in the House are trying to come to a consensus on legislation that would avert a fiscal crisis, at least temporarily, by easing the government's borrowing restrictions for three months. A vote is expected Wednesday.

Apple Inc. reports earnings after the closing bell.