US STOCKS-Futures decline on weak Amazon results, Ebola concern
24/10/2014 13:22
* Amazon tumbles, Microsoft climbs after earnings
* New home sales data due
* Futures off: Dow 44 pts, S&P 7.25 pts, Nasdaq 16.5 pts
(Updates prices, adds premarket actives)
By Chuck Mikolajczak
NEW YORK, Oct 24 (Reuters) - U.S. stock index futures fell
on Friday, putting the S&P 500 on track to trim its weekly
advance, following disappointing earnings from Amazon and as the
first diagnosed case of Ebola in New York City raised concerns
about the spread of the virus.
Amazon AMZN.O plunged 9.9 percent to $282.23 in premarket
trade after the online retailer's sales projections for the
crucial holiday quarter disappointed Wall Street and
third-quarter results missed forecasts. ID:nL2N0SI2S1
Microsoft MSFT.O , up 2.6 percent at $46.17 before the
opening bell, may help curb declines after it reported
higher-than-expected quarterly revenue while keeping its profit
margins largely intact. ID:nL2N0SI2SJ
Procter & Gamble PG.N gained 2 percent to $84.90 in
premarket after the world's largest household products maker
posted quarterly results and said it would split its Duracell
battery business into a separate company. ID:nL3N0SJ4NZ
The S&P 500 .SPX is up 3.4 percent for the week, putting
the index on pace for its first weekly gain in five, powered
largely by solid corporate earnings reports. The benchmark index
is down 3 percent from its record high on Sept. 18.
Concerns over the spread of Ebola continued to vex the
market. A doctor who worked in West Africa with Ebola patients
was in an isolation unit in New York City on Friday after
testing positive for the virus, becoming the fourth person
diagnosed with the disease in the United States and the first in
its largest city. ID:nL2N0SJ0HO
Ford Motor Co's F.N third-quarter earnings beat Wall
Street expectations on a strong showing in North America and
China. Shares of the automaker edged up 0.4 percent to $14.45 in
premarket trade. ID:nL2N0SJ0K8
New home sales data for September is due at 10:00 a.m. (1400
GMT). Expectations call for a seasonally adjusted annual rate of
470,000 units, down from the 504,000 in the prior month.
Ebola-related shares advanced over worries about a possible
spread of the virus. Biotechnology company Ibio Inc IBIO.A
jumped 14.1 percent to $1.86, hazmat suits maker Lakeland
Industries Inc LAKE.O surged 19.6 percent to $18.25 and face
mask maker Alpha Pro Tech Ltd APT.A climbed 21.5 percent to
$5.59 before the opening bell.
Futures snapshot at 8:10:
* S&P 500 e-minis ESc1 were falling 7.25 points, or 0.37
percent, with 233,855 contracts changing hands.
* Nasdaq 100 e-minis NQc1 were down 16.5 points, or 0.41
percent, in volume of 37,181 contracts.
* Dow e-minis 1YMc1 were down 44 points, or 0.26 percent,
with 39,600 contracts changing hands.
(Editing by Chizu Nomiyama)
((charles.mikolajczak@thomsonreuters.com; @ChuckMik; +1 646 223
5234; Reuters Messaging:
charles.mikolajczak.thomsonreuters.com@reuters.net))
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