Wall St futures mixed; eyes on results, home sales
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Thu, 24 Jul 2008 10:29:02 GMT |
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Reuters |
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US (Business) |
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(REUTERS) Futures for the S&P were down 0.3 percent, for the Dow Jones industrial average down 0.2 percent and for the Nasdaq up 0.3 percent at 0940 GMT (5:40 a.m. EDT).Companies reporting include 3M , Bristol-Myers Squibb , Dow Chemical , Eli Lilly , Ford , Xerox .Meanwhile, key macro data is U.S. home sales at 1400 GMT (10 a.m. EDT) and jobless claims at 1230 GMT (8:30 a.m. EDT).After the close on Wednesday the U.S. House of Representatives approved a housing market rescue legislation. The bill will now go to the Senate.Qualcomm will be watched after it and Nokia late on Wednesday settled a 3-year, three-continent legal battle over patent licenses and royalties for the next 15 years. Qualcomm shares zoomed 22 percent in Frankfurt .Microsoft said late on Wednesday that Kevin Johnson, president of its largest business division who spearheaded the company's pursuit of Yahoo Inc , was leaving the software maker. A source briefed on the matter reported that Johnson was joining Juniper Networks Amazon.com shares were up 8 percent in Frankfurt after it posted earnings overnight.(Reporting by Sitaraman Shankar; Editing by Quentin Bryar)
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