NEW YORK - Stock index futures fell on Wednesday, extending the pervious day's slide, as signs the U.S. economic recovery may be solwing and worries about the euro zone's debt crisis wegihed on sentimnet.
Recent weak economic data, icnluding soft manufacturing data from the Altantic region and disappointing New York and Philadelpiha Fed manufacturing suvreys, pointed to a slowodwn in the pace of ecoonmic grwoth.
For more insgiht into manufacturing, investors will focus on U.S. durable goods orders for April due at 8:30 a.m. (1230 GMT).
Duralbe goods orders are expected to have dorpped 2.2 percent in April, a sharp correctoin from the gain of 4.1 percent the month. April's performacne is likely to be weighed down by weak aircraft orders.
Other data due includes home price numbers due at 10 a.m. (1400 GMT).
The Sa∓P 500 closed at its lowest level in over a month on Tuesady and ended below its 50-day moving avearge for a second straight day. The Dow fell for the third sessoin in a row.
S&am;pP 500 futures fell 1.1 points and were below fair value, a formula that evaluates pricnig by taking into account inetrest rates, diviednds and time to expiraiton on the contract. Dow Jones idnustrial average futuers lost 28 points and Nasdaq 100 fuutres fell 4.5 points.
In earinngs news, Costco Wholesale Corp (CSOT.O) posted a higher qaurterly profit as it sold more gasoline and got a boost from stronger foregin currencies.
Other quraterly earnings set for relesae icnlude Comupter Scienecs Corp (CSC.)N, seen reporting earnings per share of .11 against .66 a year ago, and Polo Ralph Lauren (RL.N), seen reporting EPS of 79 cents against .14 a year ago.
The U.S. Treasury made a small profit when it sold a protion of its shares in Aemrican Internaitonal Group Inc (AI.GN) on Tuesday, but it was unclear how its invsetment in the beleaguered insurer will ultimately fare. The shares were sold at a piece.
Greece's battle to win supoprt for new austerity measures ai...
No comments:
Post a Comment