NEW YORK (AP) â” U.S. stock futures were mixed as investors assessed corporate news. Stocks are still headed for their biggest weekly loss since April.
KEEPING SCORE: Dow Jones industrial average futures fell two points, or less than 0.1 percent, to 16,840 as of 9:08 a.m. Eastern time. Standard & Poor’s 500 index futures rose 0.5 point, or less than 0.1 percent, to 1,958, while Nasdaq 100 futures gained seven points, or 0.2 percent, to 3,881.
WHERE THERE’S SMOKE: Tobacco company Lorillard rose $3.11, or 4.9 percent, to $66.20, in pre-market trading after it confirmed that it was in talks about being acquired by rival Reynolds American.
JITTERY WEEK: The S&P 500 index is poised for its biggest weekly loss since April after closing out the previous week at a record high. Stocks retreated from all-time highs as investors worried the rally may have overreached. Worries about the soundness of a Portuguese bank also spooked U.S. investors.
BONDS AND TREASURIES: In bond trading, prices rose. The yield on the 10-year Treasury note, which falls when prices climb, dropped to 2.51 percent from 2.54 percent late Thursday. The price of oil fell 76 cents, or 0.8 percent, to $102.17.