Posted by
alfredlester on Saturday, April 17, 2010 1:30:43 AM
NEW YORK – Stock futures are falling slightly, but are off their lows after Bank of America and General Electric provided fresh signs that the economy is getting stronger.
Both Bank of America and General Electric reported better-than-expected profits and say they are seeing signs of an improving economy.
The Commerce Department says construction of homes rose to 626,000 units in March. Applications for building permits, which are a sign of future growth, rose to 685,000.
Economists expected construction would rise to 610,000 units, while applications would climb to 630,000 faxless payday advance.
Dow Jones industrial average futures are down 13, or 0.1 percent, at 11,083. Standard & Poor's 500 index futures are down 2.90, or 0.2 percent, at 1,205.60, while Nasdaq 100 index futures are down 4.75, or 0.2 percent, at 2,030.00.
Stock futures dip, point to lower opening