US stock futures subdued as Greek talks drag on

Published January 20, 2012 by
Business - Wall Street

NEW YORK (AP) ? U.S. stock futures are mixed, portending a cautious opening as Greece holds another round of debt-reduction with its creditors.

Dow futures are down 3 points at 12,584. The broader S&P 500 futures are down 2 points to 1,308.

The Nasdaq composite is up 5 points to 2,430. The tech-heavy index is getting a boost from solid earnings at IBM Corp. and Intel Corp. Intel’s earnings were hurt less than feared by flooding in Thailand that shut many plants that make computer hard drives.

Later, investors will look to a trade group’s reports on the number of previously occupied homes sold in December.

Asian stock markets rose amid signs the U.S. economy is picking up steam. But European markets mostly fell as nervous traders awaited results of Greece’s negotiations.

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