Tuesday, October 21, 2014

News
Futures edge lower after S&P strikes new highs


NEW YORK (AP) — U.S. stock futures are edging lower a day after the Standard & Poor's 500 index closed at an all-time high. Another glimpse into the mind of the all-important American consumer is due early in the day.

Dow Jones industrial futures are down 4 points to 14,744. The broader S&P futures have given up 1.9 points to 1,586.30. Nasdaq futures are down 0.75 points to 2,858.

How Americans feel about their jobs, their homes and their prospects has played out this week in new data from the government.

On Tuesday, The Conference Board releases its report on consumer confidence for April.

Economists expect the private research group to report that Americans overlooked a tax hike to start the year, and are spending more freely as the job and housing markets recover.