US Futures Retreat Amid Ukraine Tensions; Ford Q1 Earnings Miss Estimates
U.S. stock futures were lower Friday as U.S. and European leaders mull sanctions against Russia amid increased tension on the Ukraine border while companies continued to report mixed earnings.
In economic data, the US flash services and composite PMIs at 09:45 a.m. is expected to have increased to 56.2 in April from 55.5 in March, according to Econoday data. At 09:55 a.m., the Michigan consumer sentiment index is likely to have slipped to 82.5 in April from 82.6 in March.
In equities, Ford ( F ) was lower over 2% in recent pre-market trade after reporting Q1 earnings that missed the street projections. Colgate ( CL ) also slipped nearly 1% even as its Q1 results were in line with the street view. At the other end of the spectrum were the utility American Electric Power ( AEP ), adding 1.3% after reporting a Q1 earnings beat as cold weather drew demand.