Breaking News Bar
updated: 10/10/2012 8:03 AM

U.S. futures mixed as earnings season begins

Success - Article sent! close
Associated Press

NEW YORK -- Stock futures are mixed a day after the U.S. earnings season kicked off.

Dow Jones industrial futures are down 7 points to 13,405. The broader S&P futures are up 1.1 points to 1,437. Nasdaq futures have tacked on 2.25 points to 2,736.25.

Stocks are under pressure due to a forecast from the International Monetary Fund on Tuesday, which said that the global economy continues to weaken and that the recession in Europe could extend to developing nations.

Shares of Alcoa are lower Wednesday after the aluminum maker cut its demand expectations for the year, largely because of a slowdown in China.

At 10 a.m. Eastern, economists expect the Commerce Department to report that U.S. wholesale businesses appear to be more optimistic that sales will turn around.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.