US Futures Move Sideways as Fed Policy Makers Start Two-Day Meeting

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US stock futures were only marginally higher ahead of a slew economic data and as the U.S. Federal Reserve board members started a two-day meeting where they may consider slowing down the $85-billion-a-month asset purchasing program.

In economic data, retail sales slipped 0.1% in September compared to estimates for sales to be flat while the September producer price index for finished goods fell 0.1%, seasonally adjusted.

In equities, Apple rose 0.38% in pre-market trade after reporting better-than-expected revenue and EPS driven by strong growth in iPhone sales although iPad shipments were a little light compared to the analyst expectations. Also reporting today was Goodyear Tire ( GT ), slipping 3.31% pre-bell as revenue missed estimates.



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This article appears in: Investing , Commodities

Referenced Stocks: GT

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