US Futures Unchanged - Traders Shrug off Nasdaq Trading Glitch

By Staff,

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U.S. stock futures were nearly unchanged on Friday after almost half the market suffered a trading halt for the better part of the afternoon yesterday.

After a week of uncertainty about the U.S. Federal Reserve's plans for when and how to slow down asset purchases, the minutes of their July meeting offered little clarity.

Future data points that offer indications of the robustness of economic recovery may have greater impact on the Fed's timeline for tapering and on stock movements. Today, a report out at 10 a.m. may show that new-house sales declined in July.

Major movers in pre-market trading included Renren ( RENN ), rising 14% after a Baidu Holdings unit agreed to buy a 59% stake in the company for $160 million in cash. Aeropostale ( ARO ) touched a fresh 52-week low, and was down 13% after saying sales will be weaker-than-expected this year.

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

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

This article appears in: Investing Commodities
Referenced Stocks: ARO , RENN

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