Before the bell: Futures lower ahead of GDP documents; as earnings come in

February 28th, 2008 | Category: Stocks, Before the Bell

U.S. stock futures were lower that wee hours, ahead of profitable activity documents and as Federal Reserve chairman Bernanke testifies before Congress for the moment day. Several large-cap companies are additionally reporting earnings nowadays and could help sway sentiment on the Street.

On Wednesday, stocks finished the session mixed. Concerns about the economy were not easily alleviated by

the Federal Reserve signaling more rate cuts. The Dow industrials ended up 9 points, or 0.07%, the S&P 500 was down 1 point, or 0.09%, and the Nasdaq composite added 8 points, or 0.37%.

More profitable details will be

released nowadays and remain in focus:

At 8:30 a.m. EST, the latest reading of gross domestic product for the fourth-quarter is due. Analysts are expecting the info to show an annual growth rate of 0.8%, up from the initial estimate of 0.6%.
At the same instance, weekly initial jobless claims will be reported.

Continue reading Before the bell: Futures lower ahead of GDP info; as earnings come in

Original post by Melly Alazraki

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