|
Data released on Wednesday showed gross domestic
product expanded at an only 0.2 percent annual rate as harsh
weather put off shoppers and energy companies cut spending.
The Fed attributed poor economic numbers to "transitory factors"
but pointed to soft patches across the economy, in a sign it may
have to hold off hiking rates until at least September.
Apple <AAPL.O> shares fell 0.9 percent to $127.50 in premarket
trading after early adopters of the Apple Watch complained that
many key functions are disrupted by their tattoos.
Yelp <YELP.N> shares fell 17.7 percent to $42.71 a day after the
operator of consumer review website forecast second-quarter
revenue below analysts' expectations.
Glu Mobile <GLUU.O> shares jumped 21.3 percent to $6.55 after
Chinese social networking company Tencent Holdings <0700.HK>
agreed to buy a 14.6 percent stake in the company.
Baidu <BIDU.O> shares dropped 4 percent to $210.10 a day after
China's dominant Internet search engine posted its slowest
quarterly revenue growth rate in almost seven years.
Earnings expected on Thursday include Coca-Cola <CCE.N>,
ConocoPhillips <COP.N> and Colgate-Palmolive <CL.N> before the
bell, and Dow component Visa <V.N>, and LinkedIn <LNKD.N> after
the close.
Data expected later in the day include consumer spending number
for March and weekly jobless claims, both at 8:30 a.m. EDT (1230
GMT), and Chicago factory index numbers for April at 9:45 a.m.
(1345 GMT)
Futures snapshot at 6:34 a.m. EDT (1034 GMT)
S&P 500 e-minis <ESc1> were down 4.25 points, or 0.2 percent,
with 153,546 contracts changing hands.
Nasdaq 100 e-minis <NQc1> were down 20 points, or 0.45 percent,
in volume of 23,713 contracts.
Dow e-minis <1YMc1> were down 51 points, or 0.28 percent, with
27,957 contracts traded.
(Reporting by Tanya Agrawal; Editing by Savio D'Souza)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
