Friday, October 15, 2010

Stock futures mostly dip before Bernanke’s speech

NEW YORK (AP) — Stock futures are mostly slipping as traders anxiously await a key speech from Federal Reserve chairman Ben Bernanke and a handful of economic reports.

Nasdaq 100 futures are getting a modest lift Friday from strong Google earnings.

Bernanke’s speech will be closely watched because investors are looking for any further clues on the central bank’s plans to stimulate the economy. Expectations are the Fed will announce a concrete program to buy Treasurys after its next meeting wraps up in early November. But what is not known is how much the bank will spend.

Dow Jones industrial average futures are down 10, or 0.1 percent, at 1,1042. S&P 500 futures are down 1, or 0.1 percent, at 1,172. Nasdaq futures are up 5, or 0.2 percent, at 2,067.

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