Bleak outlook for U.S. stock futures

Posted:

By Allison Ascher - email

NEW YORK (WKOW)-- Stock futures are mixed as a new outlook on the global economy landscape provides the markets with fewer arguments to overlook what is likely to be a weak quarter for many of the biggest U.S. corporations.

Alcoa opens the earnings season after the market closes and Wall Street expects the aluminum company to break even. Dow Jones industrial figures are up 5 points to 13,506. The broader S & P futures are flat at 1,450.50. Nasdaq futures are down 2.25 points to 2,775.25.

The International Monetary Fund said Tuesday that the globe is at risk for a broad recession. Those problems are spreading to developing nations that experienced growth during the last recession.

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