Speculation about a stronger than anticipated GDP report from China that failed to come to pass was overshadowing the good news from JPMorgan Chase, Wells Fargo ( WFC). Instead of an upside surprise, China reported its slowest pace of economic growth in three years. Futures for the Dow Jones Industrial Average were tumbling 68 points, or 44.6 points below fair value, at 12,882. Futures for the S&P 500 were down 7.4 points, or 4.9 points below fair value, at 1379. Futures for the Nasdaq were falling 11.3 points, or 8.9 points below fair value, at 2728.
NEW YORK ( TheStreet) -- U.S. stock futures were pointing lower early Friday despite strong earnings reports from two of the big banks.
2012 Stock Predictions and Outlook
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