NEW YORK (AP) — Stocks are heading to a lower open after South Korea reported that North Korea had fired artillery onto one of its islands. South Korea says it returned the North Korean fire.
Investors are also uneasy Tuesday about the economy in Europe after Ireland accepted a massive bailout. The concern now is that Portugal may be the next country that needs help.
And investors are waiting for the Commerce Department’s latest estimate of how much the U.S. economy grew in the third quarter. The government is expected to report that the gross domestic product rose at an annual rate of 2.3 percent, up from a 2 percent estimate last month.
Dow Jones industrial average futures are down 61, or 0.5 percent, at 11,161. Standard & Poor’s 500 futures are down 9.8, or 0.8 percent, at 1,188.10.
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