Before the bell: Futures lower as Street takes a breather, awaits more data - Melly Alazraki

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Before the bell: Futures lower as Street takes a breather, awaits more data
Oct 30, 2009 12:35 PM UTC

Melly Alazraki

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Filed under: Before the bell, International markets, Market matters, Sony Corp ADR (SNE), Chevron Corp (CVX), Alcatel-LucentADS (ALU), Duke Energy (DUK), Economic data, MetLife Inc. (MET)

U.S. stock futures drifted lower Friday morning, indicating a weaker start on Wall Street, a day after a market rally that was fueled by strong economic reports. But as investors catch their breath, they also await cautiously for data on consumer spending and sentiment, as earlier data this week surprised to the down side.

On Thursday, the government reported the economy grew 3.5% in the third quarter. While the growth was mostly due to government stimuli, it was enough to lift stocks some 2% for the day. Treasury Secretary Timothy Geithner said Thursday the U.S. economy's return to growth shows some stability but recovery is fragile and needs nurturing.

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Before the bell: Futures lower as Street takes a breather, awaits more data originally appeared on BloggingStocks on Fri, 30 Oct 2009 07:35:00 EST. Please see our terms for use of feeds.

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