US stock futures point to lower opening
Tuesday, June 21, 2011
NEW YORK (AP) -- U.S. stock futures are pointing to a lower opening ahead of the Federal Reserve's decision on interest rates.
Economists expect the central bank to keep rates at their record low and are waiting to hear Chairman Ben Bernanke's view on the economy Wednesday afternoon. Reports since the spring have shown the economy is weakening.
In Greece, the government narrowly won a vote of confidence, which investors hope will help it push through austerity measures needed to get its next installment of emergency loans.
Ahead of the opening, Dow Jones industrial average futures are down 24 points, or 0.2 percent, to 12,064. S&P 500 futures are down 3.70 to 1,284.20. Nasdaq 100 futures are down 7.50 to 2,236.50. Futures don't always accurately predict how prices will change once the market opens.