US Futures Slip as Fed Waits For Sustained Economic Growth Before Tapering

By
A A A

US stock futures pointed to a lower open, extending losses made late yesterday after the Federal Open Market Committee suggested it wants to see more sustained growth in the economy before it starts scaling back its $85-billion-a-month asset purchasing program.

Today, the U.S. Labor Departments reported that weekly jobless claims fell by 10,000 to 340,000, less than the expected 15,000 drop.

In equities, Facebook ( FB ) gave up sharp gains made in after-hours trading and earlier this morning in the wake of better-than-expected Q3 results. It slipped 0.75%. Starbucks ( SBUX ) was lower 2.04% on a disappointing outlook.




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.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: FB , SBUX

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

69,589,453
  • $17.71 ▲ 0.51%
67,826,144
  • $92.90 ▼ 14.34%
43,457,267
  • $7.15 ▲ 5.61%
41,474,187
  • $112.94 ▲ 1.04%
39,656,564
  • $7.45 ▲ 4.78%
38,604,858
  • $15.49 ▲ 9.01%
34,600,059
  • $25.71 ▲ 0.35%
32,095,432
  • $104.58 ▲ 0.25%
As of 12/22/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com