Weaker Revenues Expected to Pull Down Stocks

Disappointing earnings from Goldman Sachs and IBM are expected to send North American stock markets into negative territory at this morning’s open. A weaker-than-expected housing starts report is also giving investors the jitters this morning.

Ahead of the opening bell, Dow Jones industrial average futures fell 84, or 0.8 percent, to 9,976. Standard & Poor’s 500 index futures dropped 10.10, or 1 percent, to 1,054, while Nasdaq 100 index futures fell 17, or 0.9 percent, to 1,789.

Source: Associated Press

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