Filed under: Before the bell, Earnings reports, Dell (DELL), XM Satellite Radio (XMSR), Market matters, Sprint Nextel Corp (S), Sears Holdings (SHLD), Amer Intl Group (AIG), Economic data, Federal Reserve

U.S. stock futures were lower this morning, ahead of economic activity data and as Federal Reserve chairman Bernanke testifies before Congress for the second day. Several large-cap companies are also reporting earnings today and could help sway sentiment on the Street.

On Wednesday, stocks finished the session mixed. Concerns about the economy were not easily alleviated by

the Federal Reserve signaling more rate cuts. The Dow industrials ended up 9 points, or 0.07%, the S&P 500 was down 1 point, or 0.09%, and the Nasdaq composite added 8 points, or 0.37%.

More economic data will be released today and remain in focus:

  • At 8:30 a.m. EST, the latest reading of gross domestic product for the fourth-quarter is due. Analysts are expecting the data to show an annual growth rate of 0.8%, up from the initial estimate of 0.6%.
  • At the same time, weekly initial jobless claims will be reported.

Continue reading Before the bell: Futures lower ahead of GDP data; as earnings come in

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