Stock Futures Waffle Before Earnings, Economic Data
NEW YORK (TheStreet) -- U.S. stock futures were wavering Wednesday as investors awaited third-quarter corporate announcements and some domestic economic releases.
"The market, in our opinion, is prepared to a large extent for the overall bad earnings comparisons that are about to be reported," said Scott Wren, senior equity strategist at Wells Fargo Advisors.
Futures for the Dow Jones Industrial Average were down 25 points, or 16.53 points below fair value, at 13,387. Futures for the S&P 500 were down 0.70 points, or 0.72 points below fair value, at 1435. Futures for the Nasdaq were falling 0.25 points, or 1.67 points below fair value, at 2733.
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