US STOCKS-S&P 500, Dow set to ease from record levels; Coca-Cola rises on results

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* GameStop shares jumps as CEO exits
* Coca-Cola rises as revenue beats estimates
* Futures down: Dow 0.2%, S&P 0.25%, Nasdaq 0.42%

(Adds comments, updates prices)
By Shivani Kumaresan
April 19 (Reuters) - The S&P 500 and the Dow were set to
slip from record levels on Monday as investors looked to the
first-quarter earnings season for hints that corporate America
was recovering from the impact of the COVID-19 pandemic.
Coca-Cola Co KO.N rose 1% in premarket trading after the
world's largest beverage maker trounced estimates for quarterly
profit and revenue, benefiting from the easing of pandemic curbs
and vaccine rollouts.
Another blue-chip company, IBM Corp IBM.N , is slated to
post its results after markets close.
"The market is waiting to see if blowout earnings in banks
will continue to other sectors," said Thomas Hayes, chairman of
Great Hill Capital.
"On of the things the market is looking for is increased
participation among tech stocks which have lagged in 2021.
A recent pullback in the benchmark 10-year bond yield
US10YT=RR from 14-month highs has renewed interest in richly
valued technology stocks, while a string of strong economic data
has also helped push the S&P 500 and the Dow to record levels.
The S&P 500 has risen for the past four weeks, its longest
winning streak since August 2020.
About 79 S&P 500 companies are due to report earnings this
week including Johnson & Johnson JNJ.N , Netflix Inc NFLX.O ,
Intel Corp INTC.O , Honeywell HON.N and Schlumberger SLB.N ,
according to Refinitiv IBES data.
At 08:29 a.m. EDT, Dow E-minis 1YMcv1 were down 70 points,
or 0.21%, S&P 500 E-minis EScv1 were down 10.25 points, or
0.25% and Nasdaq 100 E-minis NQcv1 were down 59.25 points, or
0.42%.
Tesla Inc TSLA.O dropped 2.5% after two men died as its
electric car, which was believed to be operating without anyone
in the driver's seat, crashed into a tree in Texas. Stock was
also under pressure due to a sharp fall in bitcoin BTC=BTSP
over the weekend. GameStop Corp GME.N jumped 8.6% on announcement of its
CEO's resignation. Crypto stocks including miners Riot Blockchain RIOT.O and
Marathon Digital MARA.O dropped about 7% each as bitcoin took
a hammering. Harley-Davidson HOG.N jumped 8% after the motorcycle maker
raised it full-year forecast for sales growth.