Dow Jones futures off the lows as Coca Cola beats the street

The Q4 earnings from Coca Cola have just been released and they have beaten forecasts and quite nicely too. There was a time when Coca Cola was a leading Dow Stock, but not anymore. Its market cap, although still not puny (around $275 billion) is dwarfed these days by so many of its peers. Hence, Coca Cola is only ranked 28 out of 30 in the Dow Jones. Nevertheless it is perhaps something of a bellwether stock and seems to have helped push the Dow Jones futures off their worst levels of the morning. A lower opening is still priced into the futures right now though. The index closed last night at 44,470. It is right now priced to reopen around 44,380