US Futures Slip as Job Claims Drop Less Than Expected; Fed Cautious on Outlook

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US stock futures are mostly pointing to a lower open, although the Dow clung to a 0.01% gain pre-market, despite 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 by 2.04% on a disappointing outlook.


U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.01%

-S&P 500 futures down 0.15%

-Nasdaq 100 futures down 0.38%

-Nasdaq-100 Pre-Market Indicator down 0.11%

GLOBAL SENTIMENT

Nikkei down 1.20%

Hang Seng down 0.42%

Shanghai Composite down 0.87%

FTSE-100 down 0.38%

DAX-30 up 0.15%

PRE-MARKET SECTOR WATCH

(+/-) Large cap tech: mixed

(-) Chip stocks: lower

(+/-) Software stocks: mixed

(-) Hardware stocks: lower

(+) Internet stocks: higher

(+/-) Drug stocks: mixed

(-) Financial stocks: lower

(+/-) Retail stocks: unchanged

(+/-) Industrial stocks: mixed

(+/-) Airlines: mixed

(+/-) Autos: mixed

UPSIDE MOVERS

(+) ALU (+13.94%) Q3 net loss narrows, expects bump in Q4 sales

(+) EXPE (+17.77%) Q3 EPS, sales beats views

(+) OPTT (+15.93%) Co wins $2.6 million contract from Mitsui

DOWNSIDE MOVERS

(-) ARIA (-41.16%) Co temporarily suspends marketing, distribution of leukemia drug Iclusig

(-) AVP (-15.18%) Q3 EPS, sales misses forecasts

(-) DSCO (-7.08%) Prices $50 mln public share sale at discounted $2/share



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

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