Stock futures sank Thursday after a slew of mixed quarterly results weakened investor confidence. The S&P 500 and Nasdaq 100 futures fell 0.1% each. The Dow Jones Industrial Average futures fell 68 points, or 0.2%.
Micron shares fell more than 5% in premarket trading after the chipmaker published fourth-quarter sales outlook that was in line with expectations.
Levi Strauss’ stock fell 14% after the pants maker’s latest quarterly revenue disappointed investors.
Bank stocks were under focus after the Federal Reserve indicated Wednesday that the largest US corporations can weather a severe recession. Goldman Sachs lost 1.6%, while JPMorgan Chase declined slightly.
Source (CNBC)
