Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

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

02/21/2013 | 09:03am US/Eastern

--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

React to this article
Latest news
Date Title
03:24a COMMERCIAL REAL ESTATE : AMP Technologies Releases Latest Technology in Commercial Real Estate Software With Single Family Dashboard
03:24a CHILD WORLD : Cream of Coco Recognized for Saving the Planet One Bar at a Time
03:22aDJASIA MARKETS : Chinese Markets Rise As Beijing Clamps Down On Short Selling
03:21a ANGLOGOLD ASHANTI : completes sale of CC&V
03:21a LOUISIANA PACIFIC : LP Announces Entrance into G.C.C. Region with LP® SolidStart® LSL Stile and Rail Door Stabilizers
03:21a TELEPERFORMANCE : August 3, 2015 I Agreement with Oddo Corporate Finance
03:21a NIPPON CHEMIPHAR : Notice Regarding Purchase of Treasury Stock(Progress Report) (pdf, 81KB)
03:20a PENDRAGON : Shares Up As It Looks Set To Beat Full Year Expectations
03:20a ULTRA ELECTRONICS : *jpmorgan cuts ultra electronics price target to 1920 pence - 'neutral'
03:15a JOSAB : Diversification of ownership and conversion of warrants by the CEOs sale of shares in Josab International AB (JOSA)
Latest news
Advertisement
Hot News 
ECKERT & ZIEGLER : DGAP-News: Record quarter despite restructuring expenses
ROYAL BANK OF SCOTLAND : UK To Dispose Of About 5.2% Of RBS
FUCHS PETROLUB SE : DGAP-News: FUCHS records sales revenues of EUR 1 billion for the first time in the first six months of the year
CREDIT AGRICOLE : SA : Results second quarter and first half of 2015
MOLECULAR MEDICINE : MolMed Board of Directors approves the first half-year 2015 financial report
Most Read News
08/03 CENTER FOR INFECTIOUS DISEASE RESEARCH : Launches “Become the Cure” Bumbershoot Ticket Raffle
08/03 WIDE KATE LENS UP-DIP INTERCEPT : 34.0m @ 20.8% ZnEq
08/03 WIDE KATE LENS UP-DIP INTERCEPT : 34.0m @ 20.8% ZnEq
08/03 CHINA METALLURGICAL : MCC Group and China MCC Hold 2015 Mid-Year Working Conference
08/03 NATIONAL FARMERS' FEDERATION OF AUSTRALIA : Capturing value from science in agriculture
Most recommended articles
03:22aDJASIA MARKETS : Chinese Markets Rise As Beijing Clamps Down On Short Selling
03:15aDJMeggitt Gets $42.1 Million Contract to Supply Lockheed Martin Ammo Systems
03:14a China stocks rise as Beijing steps up crackdown on short-selling
03:05aDJMISC BHD : 2Q Net Profit MYR745.2 Million, up From MYR288.1 Million a Year Ago
03:04a DIRECT LINE INSURANCE : first-half profit rises on benign weather, reserve releases