Bank Of America, Google Earnings Pull Futures Down
NEW YORK (AP) — Stocks are poised to open lower after two bellwether companies missed Wall Street earnings estimates.
Google Inc. reported earnings after the market closed Thursday that missed analysts' earnings estimates, in part because it is in the midst of a hiring spree. The stock fell 5.6 percent in
pre-market trading.
Bank of America Corp. announced Friday that its earnings and revenue fell in the first quarter compared with last year. Its stock slipped 0.1 percent in pre-market trading.
Ahead of the opening bell, Dow Jones industrial average futures are down 25, or 0.2 percent, to 12,203. S&P 500 futures are down 2, or 0.2 percent, to 1,308. Nasdaq 100 futures are down 3, or 0.1 percent, to 2,298.
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