Advertisement
UK markets close in 2 hours 56 minutes
  • FTSE 100

    8,023.24
    -0.63 (-0.01%)
     
  • FTSE 250

    19,675.99
    +76.60 (+0.39%)
     
  • AIM

    753.04
    +3.86 (+0.52%)
     
  • GBP/EUR

    1.1617
    +0.0028 (+0.24%)
     
  • GBP/USD

    1.2398
    +0.0048 (+0.39%)
     
  • Bitcoin GBP

    53,295.22
    +89.31 (+0.17%)
     
  • CMC Crypto 200

    1,419.52
    +4.76 (+0.34%)
     
  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     
  • DOW

    38,239.98
    +253.58 (+0.67%)
     
  • CRUDE OIL

    81.15
    -0.75 (-0.92%)
     
  • GOLD FUTURES

    2,322.30
    -24.10 (-1.03%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • DAX

    18,014.17
    +153.37 (+0.86%)
     
  • CAC 40

    8,065.92
    +25.56 (+0.32%)
     

US STOCKS-Futures dip on weak results; durable goods data due

* Amazon shares tumble after larger-than-expected loss

* Baidu (Xetra: A0F5DE - news) jumps as net profit soars

* Futures off: Dow 17 pts, S&P 3 pts, Nasdaq 11 pts

NEW YORK, July 25 (Reuters) - U.S. stock index futures edged lower on Friday, weighed by weak results including those from Amazon, and ahead of data on durable goods.

* The S&P 500 closed Thursday at a record high and was within 0.5 percent of hitting 2,000.

* Data on orders for long-lasting U.S. manufactured goods for June is due at 8:30 a.m. EDT (1230 GMT).

* Amazon shares tumbled more than 10 percent in premarket trading after investment in new businesses cut into earnings and the company reported a much larger-than-expected loss in the second quarter.

ADVERTISEMENT

* S&P 500 e-mini futures were down 3 points and fair value - a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract - indicated a lower open. Dow Jones industrial average e-mini futures fell 17 points and Nasdaq 100 e-mini futures lost 11 points.

* Visa (Xetra: A0NC7B - news) shares fell 2.6 percent in premarket trading after the world's largest credit and debit card company cut its revenue forecast for the year.

* Pandora Media (NYSE: P - news) dropped 9 percent before the opening bell, after it forecast adjusted profit below analysts' estimates for the current quarter.

* On the upside, Baidu shares surged 8.7 percent in premarket trading after China's biggest Internet search company blew past Wall Street's targets with a 34.1 percent jump in quarterly net profit, helped by a surge in mobile revenue.

* RF Micro Devices (NasdaqGS: RFMD - news) rose 6.3 percent in premarket trading after it forecast quarterly results above market expectations on higher demand for its chips that connect devices such as Apple (NasdaqGS: AAPL - news) 's and Samsung's smartphones to networks. (Reporting by Rodrigo Campos; Editing by Bernadette Baum)