Tuesday, July 24, 2007

U.S. Stock Futures Slip Ahead of Bell

Stock prices appeared headed to a lower opening Tuesday as investors digested a number of key earnings reports including disappointing results from DuPont Co. and Texas Instruments Inc.
Stock prices had rebounded on Monday amid another round of buyout news, and optimism about second-quarter results after Merck & Co. surpassed analysts' expectations. Dozens of companies in the Standard & Poor's 500 index are set to report on Tuesday.
There will be little in the way of economic news, and some investors might position themselves ahead of key housing data to be released Wednesday when the National Association of Realtors reports on existing home sales for June.
Dow futures expiring in September fell 53, or 0.38 percent, to 13,958, while Standard & Poor's 500 index futures shed 4.30, or 0.28 percent, to 1,544.70. Nasdaq 100 index futures dropped 9.00, or 0.44 percent, to 2,044.50.

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