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Stock Futures Dip As Intel Offsets China Data; Earnings In Focus


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Stock Futures Dip As Intel Offsets China Data; Earnings In Focus

  1. 1. Stock Futures Dip As Intel Offsets China Data; Earnings InFocus[US Market News] We search to bring you the breaking news storiesfrom around the world. The article below is related to the latest US Market News.Read on to learn more:NEW YORK (Reuters) – Stock index futures were slightly lower on Friday after a disappointingearnings outlook from Intel offset news of better-than-expected economic growth in China. Shares of Intel Corp slumped 4.9 percent at $21.57 in premarket trading after the techcompany forecast quarterly revenue that missed expectations. A sharp increase in capitalspending plans for the year also concerned analysts. China’s economy grew at a modestly faster-than-expected 7.9 percent in the fourth quarter oflast year, the latest sign the world’s second-biggest economy was pulling out of a post-globalfinancial crisis slowdown which saw it grow last year at its weakest pace since 1999. Investors have focused on earnings this week and S&P 500 company earnings are expectedto have risen 2.3 percent in the fourth quarter, Thomson Reuters data showed. Expectations forthe quarter have dropped considerably since October, when a 9.9 percent gain was estimated. S&P 500 futures fell 0.5 points and were below fair value, a formula that evaluates pricing bytaking into account interest rates, dividends and time to expiration on the contract. Dow Jonesindustrial average futures were down 3 points, and Nasdaq 100 futures lost 11 points. General Electric reported a rise in earnings for the fourth-quarter, pushing its shares up 2.5percent at $21.83. Stronger-than-expected economic data helped send the S&P 500 to its highest level in fiveyears on Thursday. The index is now just 5.6 percent from a record closing peak of 1,565.15. AT&T warned after Thursday’s closing bell that it will take a fourth-quarter charge of about$10 billion due to bigger-than-expected pension obligations. Shares of the telephone companyfell 1.2 percent to $32.80 in premarket trading Friday. On the economic front, a report on consumer sentiment in early January will be released at9:55 am ET (1455 GMT). (Reporting by Leah Schnurr; Editing by Bernadette Baum)Check out the original source here.We trust that you thought the above post was useful. Please feel free to share this article. 1/2
  2. 2. Staying on par with the Market News from around the globe is important for traders and investors alike. Whether it is political, economic or social modifications which can affect your investments in the short, medium or long term, it’s great to be in the understand. We aspire to bring you the most recent news as it breaks, so you in front of the majority of traders and investors . 2/2Powered by TCPDF (