US Stock Market Futures Fall On Fresh Greece Worries
US stock market futures fell today after the market received further warning over the state of Greece's economy. While futures on the Dow Jones Industrial Average shed 49 points to 11010, those on the S&P 500 slipped 7.8 points to 1192.6. Meanwhile, Nasdaq 100 futures lost 13.25 points to 2012.25.
Futures fell today after the Eurostat statistics agency condemned the quality of Greece's budget data and indicated a possible revision to the debt-ridden country's deficit by half a percentage point from an already high level of 13.6%. Moreover, investors are preparing for another round of first-quarter financial results. Companies like Verizon Communications (NYSE: VZ) and PepsiCo (NYSE: PEP) are set to release their results today. Shares of eBay (NASDAQ: EBAY) and Qualcomm (NASDAQ: QCOM) will also remain in focus today. Shares of Internet auctioneer and retailer EBAY had dropped over 8% in light pre-market trading after the company’s results fell short of Wall Street expectations.
On the economic front, investors are awaiting the latest weekly jobless claims data and a reading on US producer prices for March. They are also looking forward to the sales data of existing homes after Wall Street opens.
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