Stock futures edge lower as investors await earnings reports, inflation and job market readings.
April 22, 2004: 6:05 AM EDT
NEW YORK (CNN/Money) - Investors will react to more earnings reports -- including new Dow component American International Group -- and readings on inflation and jobs when U.S. markets open for business Thursday.
Early Thursday, futures pointed to a slighty lower open for the major indexes.
Technology stocks were pacesetters Wednesday, as the telecom sector benefitted from the positive earnings and outlook given by Motorola. The Nasdaq composite index gained 0.9 percent, while the Dow Jones industrial average was just barely positive.
Tokyo's Nikkei index rose 0.3 percent Thursday on optimism about the U.S. economy sparked by Federal Reserve Chairman Alan Greenspan's second straight appearance before Congress. Other
Asian-Pacific stocks ended lower. European markets were lower in early trading. (Check the latest on world markets)
Among U.S. stocks trading in Europe, Qualcomm (QCOM: Research, Estimates) rose 2.5 percent after the wireless technology developer reported higher-than-expected earnings and raised forecasts.
Treasury prices rose in early trading, sending the 10-year note yield down to 4.40 percent from 4.42 percent late Wednesday. The dollar edged up against the yen and was flat versus the euro.
Brent oil futures gained 30 cents to $32.76 a barrel in London, where gold retreated in early trading.
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