US STOCKS-Wall St to open lower on Obama plan, Bernanke delay

* GE results top view, McDonald’s posts higher net

* Obama bank plan, Bernanke delay spawn uncertainty

* Futures: Dow off 15 pts, S&P 500 off 2.2, Nasdaq up 4.25

* For up-to-the-minute market news, click [STXNEWS/US] (Adds analyst comment, updates stock prices)

By Chuck Mikolajczak

NEW YORK, Jan 22 (Reuters) - U.S. stocks were set for a lower open on Friday as proposed sweeping restrictions on U.S. banks and the delayed confirmation of Fed Chairman Ben Bernanke unnerved investors after a 10-month rally.

On Thursday, U.S. President Barack Obama threatened to rein in Wall Street banks with proposals to limit financial risk taking.

The U.S. Senate will not vote this week on whether to confirm the Federal Reserve chairman for a second four-year term, Democratic aides said, leaving little time before his current term expires. For details, see [ID:nFEDAHEAD]

“It’s really the uncertainty at this point,” Doug Roberts, chief investment strategist at Channel Capital Research in Shrewsbury, New Jersey.

“This may be just a shorter-term pullback. Usually markets don’t go straight over a cliff, but we have to see if this is something more.”

General Electric Co GE.N shares advanced 3 percent to $16.50 in premarket trade after reporting earnings that topped expectations. [ID:nN22235838]

McDonald's Corp MCD.N edged up 0.2 percent to $63.35 after it posted higher quarterly profit and said global comparable sales increased 2.3 percent. [ID:nN22203005]

S&P 500 futures SPc1 dipped 2.2 points and were 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 DJc1 dropped 15 points, but Nasdaq 100 futures NDc1 added 4.25 points.

Recent declines have sent the Dow into negative territory for the new year, while the S&P 500 holds a slim 0.1 percent gain.

Schlumberger Ltd SLB.N, shed nearly 1 percent to $67.73 in light trade after the world's largest oilfield services company reported higher-than-expected quarterly earnings and said oil producers were likely to start boosting spending on new projects. [ID:nN22237414]

Google Inc GOOG.O was among the first technology companies to shake off the recession last year, but the Internet giant's fourth-quarter report after the close Thursday could not satisfy investor demand for stronger growth. Google shares fell 3.5 percent to $562.52 premarket. [ID:nN20157752]

American Express Co AXP.N shed 1.9 percent to $41.35 after the company reported better-than-expected quarterly earnings late Thursday, but is concerned about the growth outlook for credit cards. [ID:nN2195847] (Editing by Jeffrey Benkoe)