US STOCKS-Futures drop after weak results; inflation data due

viernes 17 de abril de 2015 07:45 GYT
 

* Futures down: Dow 125 pts, S&P 13 pts, Nasdaq 37.75 pts

By Tanya Agrawal

April 17 (Reuters) - U.S. stock index futures retreated on Friday ahead of the release of inflation data following a string of weak corporate results and some disappointing U.S. economic reports.

* The quarterly earnings season has been mixed so far with companies beating lowered expectations, but some disappointing results Thursday after the markets closed and early on Friday have raised concerns.

* At 8:30 a.m. EDT (1230 GMT), U.S. consumer inflation data for March will be released, followed by the University of Michigan survey on consumer confidence, at 10:00 a.m.

* Shares of General Electric were down 0.5 percent at $27.15 after the company posted a net loss of $13.6 billion. Results were weighed by $16 billion in charges tied to its divestment of GE Capital assets.

* Shares of Advanced Micro Devices were down 12 percent at $2.53 before the bell after the chipmaker posted a bigger loss and said it expected weak demand for personal computers to continue for some time.

* American Express, the world's largest credit card issuer, reported quarterly revenue that fell short of analysts' estimates, hurt by a stronger dollar and the loss of several co-branded tie-ups.

* Weak data on Thursday suggested the economy could struggle to rebound from a soft patch in the first quarter. U.S. housing starts rose far less than expected in March and factory activity in the mid-Atlantic region grew modestly.   Continuación...