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U.S. Morning Call: Stock futures down; jobless claims ahead

Thursday, July 12, 2012 - 02:01

July 12 - U.S. stock futures are pointing to a lower open on Wall Street, but weekly jobless claims data could change the mood.

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Pain no gain and the newest iPhone on sale well sort of here's your morning called this Thursday. Looks like more losses ahead for US stocks. Dow NASDAQ S&P 500 stock index futures down nearly 1%. They have fallen for at least the last five sessions. Global economic concerns and dashed hopes for more stimulus fed driving investors into bonds. -- tenure yields falling below one point 5%. The Euro falling into it to your low vs the dollar and stocks their losing ground as well. Weekly jobless claims that could change the mood forecasters in the Reuters poll looking for a slight decline to 372000. Thomson Reuters IFR markets points out there is significant uncertainty in the report. Just let the market doesn't need because of the July 4 holiday and summer retooling auto plants. Which usually leads to some temporary layoffs the report out at. One of the most hotly anticipated products of the year is on sale now the iPhone 5 available through a Chinese website run by Alibaba. Fueling problem. Phone has been released yet but that hasn't stopped sellers from accepting -- daughters and displaying pictures of what the latest device might look like. Some are asking for more than 1000 big ones for the phone which may come out later this year apple had no comment on -- sales. Stocks to watch today include fast and all the maker of fasteners of course used in manufacturing. Reporting a profit that topped expectations on sales that missed. And super values several brokerages cutting price target on the stock after the congress to change suspended its dividend to. Fund aggressive price cuts to try to win back shoppers. That's your morning call this Thursday you can follow us on Twitter at Reuters Insider and please check out -- way it -- -- -- At Reuters dot com slash players TV I'm Lisa Bernhard is Reuters.

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U.S. Morning Call: Stock futures down; jobless claims ahead

Thursday, July 12, 2012 - 02:01