|
The
U.S. Commerce Department revised third-quarter GDP growth to an
annual rate of 2.1 percent, in line with market expectations but
up from 1.5 percent estimated previously.
The data could give the Federal Reserve confidence to raise
interest rates at its December meeting.
Global security concerns intensified after Turkey said it shot
down a Russian warplane that had violated its airspace near the
Syrian border, and after the U.S. State Department issued a
global travel alert for Americans.
Crude oil prices were up more than 2 percent on the prospect of
more turmoil in the Middle East. Gold also rose.
Shares of travel website operators Priceline and
TripAdvisor were down about 1.6 percent, while cruise operators
Carnival Corp and Royal Carribean <RCL.N> were down about 2
percent in premarket trade.
Airline stocks were also down, with United Continental <UAL.N>
falling 1.8 percent, American Airlines <AAL.N> 1.7 percent and
Delta Air Lines 1.5 percent.
At 8:37 a.m. ET (1337 GMT), Dow e-minis were down 109
points, or 0.61 percent, with 29,810 contracts traded. S&P 500
e-minis were down 13.5 points, or 0.65 percent, with
240,737 contracts exchanged, while Nasdaq 100 e-minis <NQc1>
were down 32.5 points, or 0.7 percent, on volume of 34,484
contracts.
Investors are also awaiting U.S. consumer confidence data from
the Conference Board due at 10.00 a.m. (1500 GMT). Sentiment is
expected to have improved slightly in November.
Tiffany was down 3.3 percent at $74 after it said it expected
net earnings for the year to be 5 to 10 percent lower than last
year.
Campbell Soup <CPB.N> was up 2.4 percent at $51 after its
reported better-than-expected quarterly profit and raised its
full-year profit forecast.
Xerox was up 2.5 percent at $11.02 after Carl Icahn disclosed a
7.13 percent stake.
Hewlett-Packard will release its last quarterly resu109lts as a
single company after the close.
(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Ted
Kerr)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed. |
|
