Stock futures dip amid questions about Fed plan
NEW YORK (AP) — Stock futures are continuing to fall after mixed news about orders for manufactured goods.
Futures were already falling Wednesday after concerns grew that the Federal Reserve might not buy as many Treasury bonds to stimulate the economy as investors had anticipated. Mixed earnings reports were also hurting stock futures for a second straight day.
Durable goods orders rose 3.3 percent last month, faster than economists had forecast. But excluding the volatile transportation sector, orders fell 0.8 percent. Economists had been expecting them to rise.
Dow Jones industrial average futures are down 39, or 0.4 percent, at 11,085. S&P 500 futures are down 6, or 0.5 percent, at 1,177, while Nasdaq 100 futures are down 8, or 0.4 percent, at 2,108.