This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Market Hustle: Stock Futures Weak, Producer Prices Fall

NEW YORK (TheStreet) -- U.S. stock futures remained weak Friday after an unexpected drop in an inflation indicator.

The Producer Price Index for February fell 0.1%, compared to expectations of a 0.2% increase.

Market participants were expecting a downbeat trading session amid concerns about China's growth and heightened global tensions over Ukraine.

  • Dow Jones Industrial Average futures were sliding 62 points, or 41.89 points below fair value, to 15,985. S&P 500 futures were down 6.5 points, or 4.74 points below fair value, to 1,833.25. Nasdaq futures were down 9.7 points, or 6.79 points below fair value, to 3,634.8.
  • Investors were cautious heading into the weekend as the referendum in Crimea on Sunday will determine whether Crimea joins Russia and risks heightened tensions. Western leaders are declaring that the referendum is illegal and have warned Russia that it will be isolated further and have threatened sanctions.
  • International markets were down Friday amid the increasing friction between the West and Russia over Ukraine and ongoing China growth concerns. The FTSE 100 in London was down 0.16%, the DAX in Germany was off 0.24%, the Hong Kong Hang Seng settled behind by 1%, and the Nikkei 225 in Japan declined 3.3%.
  • The University of Michigan Consumer Sentiment Index for March will be released at 9:55 a.m. EDT.
  • Federal Reserve vice chair nominee Stanley Fischer will be making a public appearance in Stanford, Calif. on Friday.
  • Aeropostale (ARO) was dropping more than 16% after posting a wider-than-expected fourth-quarter loss of 35 cents a share as revenue disappointed and same-store sales fell 15%. General Mills (GIS) was slumping more than 3% after reporting preliminary third-quarter earnings that were below analysts' expectations. General Motors (GM) was down 1.44% after the Center for Auto Safety reported that 303 deaths occurred after airbags failed to deploy inside vehicles included among the 1.6 million cars recalled by GM in February.
  • Stocks tumbled on Thursday, the most in a month, as fears about China's slowing economy and the crisis in Ukraine gripped investors, and outweighed an increase in retail sales.

-- Written by Andrea Tse in New York

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs