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


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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: GT

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