Wednesday, April 15, 2009

Rough start seen for stocks

(CNNMoney.com) -- U.S. stock futures wavered Wednesday as investors digested results from Intel and awaited a wave of economic readings.

At 5:06 a.m. ET, Dow Jones industrial average, Standard & Poor's 500 and Nasdaq 100 futures were pointing to a mixed start for Wall Street.

Futures measure current index values against perceived future performance and give an indication of how markets may open when trading begins in New York.

Intel: The chipmaker posted a drop in quarterly profit after U.S. markets closed Tuesday. The results topped Wall Street's estimates, but shares fell in after-hours trading after Intel (INTC, Fortune 500) chose to not issue a formal sales guidance.

Economy: Reports on consumer prices and manufacturing activity in New York come at 8:30 a.m. ET. A report on industrial production and capacity utilization is due out at 9:15 a.m. ET. After the market opens, investors will take in the Fed's beige book of economic conditions.

Read more at CNNMoney

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