US Stock Futures Slip As Amazon.com, Wal-Mart Weigh on Sentiment

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US stock futures turned lower again Friday as major companies reporting earnings disappointed investors while economic indicators such as personal income and personal spending were mixed compared to economists' forecasts.

Personal income was unchanged in December while personal spending rose 0.4%. Analysts had expected both to increase 0.2%.

Retail-giant Wal-Mart ( WMT ) slipped 0.74% before the market open after saying it now expects FY and Q4 earnings to come in at or below the lower end of its guidance range. Amazon.com ( AMZN ) also fell, down 8.55%, as it missed estimates and said it is considering hiking prices for its premium service to recover shipping costs. Mastercard ( MA ) another bellwether for consumer sentiment, reported weaker-than-expected earnings and was also down, 5.96%.



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This article appears in: Investing , Commodities

Referenced Stocks: AMZN , MA , WMT

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