U.S. futures mixed as earnings season begins
NEW YORK ó 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 Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close