|Page (1) of 1 - 11/16/11||email article||print page|
US stock futures slip ahead of economic data; Europe debt crisis continues
NEW YORK (AP) ' U.S. stock futures are edging lower ahead of a full day of economic reports.
Investors will receive reports Wednesday on consumer prices, factory production, foreign demand for U.S. debt and a measure of homebuilder confidence. Positive reports could be further evidence that the U.S. economy is not in danger of slipping back into another recession.
Concerns linger about Europe's debt crisis. Greece's new prime minister Lucas Papademos' government will face a confidence vote later in the day. The government must pass austerity measures to receive additional financial assistance.
Dow Jones industrial average futures were down 40 points, or 0.3 percent, to 11,998 two hours ahead of the opening bell. S&P 500 futures fell 7, or 0.5 percent, to 1,247. Nasdaq 100 futures shed 4, or 0.2 percent, to 2,356.