Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

U.S. Stock Futures Decline as Euro Zone, Fed Weigh

share with twitter share with LinkedIn share with facebook
share via e-mail
02/21/2013 | 03:03pm CEST

--Stock futures tilt lower; DJIA down 19, S&P off three

--Jobless claims higher than expected in latest week

--CPI unchanged, and core CPI climbs 0.3%, more than 0.2% expected

By Tomi Kilgore and Alexandra Scaggs

NEW YORK--Stocks looked set to open lower, as a report on the U.S. labor market came in worse than expected and weak euro-zone data weighed on global markets.

About 60 minutes ahead of the open, Dow Jones Industrial Average futures slipped 19 points, or 0.1%, to 13870. On Wednesday, the Dow fell 108 points, or 0.8%, the second-biggest point and percentage decline of the year, after the Federal Reserve hinted it may end its stimulative asset-purchase program sooner than expected.

Standard & Poor's 500-stock index futures gave up three points, or 0.2%, to 1504 and Nasdaq 100 futures lost nine points, or 0.3%, to 2729.

Changes in stock futures don't always accurately predict stock moves after the opening bell.

Initial claims for jobless benefits rose to 362,000 more than the 350,000 expected. The consumer price index for January was unchanged on the month, and increased by 0.3% excluding volatile food and energy costs.

At 10 a.m., existing-home sales for January are expected to decline 1% to a seasonally adjusted annualized rate of 4.89 million; the Philadelphia Federal Reserve's February index of business activity is seen rising to +3.0 from January's -5.8; and the Conference Board's Leading Economic Index for January is forecast to gain 0.3%.

In corporate news, shares of Wal-Mart gained 1.3% in premarket trading after the blue-chip discount retailer reported earnings that topped analyst estimates, helping to offset a first-quarter earnings outlook that was below current analyst projections.

Among other Dow components, Hewlett-Packard declined 0.3%. The technology company reports fiscal first-quarter results after the closing bell.

European markets were broadly lower, with the Stoxx Europe 600 down 1.2%, on the back of disappointing economic data and worries that the Fed may soon start winding down its asset purchases. Markit's preliminary composite purchasing-managers' index for the euro zone fell to 47.3 in February from January's 48.6, and below expectations of 48.5. Readings below 50 indicate contraction. Within the euro zone, Italy's FTSE MIB skidded 2.6% to a two-month low and Germany's DAX slid 1.6%.

Write to Tomi Kilgore at tomi.kilgore@dowjones.com and Alexandra Scaggs at alexandra.scaggs@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news
Date Title
10:02a B.S.D. CROWN LTD : - Company Update
10:02a GLOBALDATA : Swings To Loss On One-Offs But Revenue Surges
10:01a KAZ MINERALS : Expected cost of Kazakh copper mine project down by $100M
10:01a DGAP-NEWS : Ringmetall gibt kleinere Akquisition in den USA und Veränderungen im Aufsichtsrat bekannt
10:01a DGAP-NEWS : Ringmetall announces minor acquisition in the USA and changes in the Supervisory Board
10:01a EUREKA RESOURCES : drill permit approved by the BLM
10:01a STARBUCKS : Purple hair? Starbucks doesn't care. Coffee chain relaxes employee dress code
10:01a DGAP-NEWS : RedHill Biopharma Ltd.: RedHill Biopharma Receives Additional U.S. Patent Covering RHB-105 Ahead of Confirmatory Phase III Study for H. pylori Infection
10:01a XTI Aircraft Re-Opens Investments; Takes Steps Toward Flying Prototype
10:01a ENANTA PHARMACEUTICALS : CHMP Grants Positive Opinion for Shorter Treatment Duration with AbbVie's VIEKIRAX« (ombitasvir/paritaprevir/ritonavir tablets) for Patients with Genotype 4 Chronic Hepatitis C with Compensated Cirrhosis (Child-Pugh A)
Latest news
Hot News 
2.82%William Hill says not clear Rank and 888 deal would enhance position
1.40%HISCOX : considers setting up new EU arm to weather Brexit
1.04%BT willing to give greater autonomy to Openreach unit - chairman
0.38%PHILIPS : Profit Lifted by Health Technology Business
2.24%SPEEDY HIRE : investor Toscafund calls for removal of executive chairman
Most Read News
07/24 FUELLING THE FIRE : new coal technologies spell disaster for climate
Most recommended articles
04:00aEUROZONE : German IFO business climate better than estimates at 108.3
03:33a ABERDEEN ASSET MANAGEMENT : says third quarter assets up on market, currency gains
03:32aDJHighlands Natural Resources to Pay $500,000 for Rights to Drill Six Wells
03:31aDJChina Shanghai Rubber Futures Closing Prices, Volume
03:30a SPEEDY HIRE : investor Toscafund calls for removal of executive chairman