U.S. stock-index futures were little changed, after the Standard and Poors 500 Index dropped the most in three weeks, as investors weighed corporate earnings before Federal Reserve Chair Janet Yellen addresses Congress.
Whole Foods Market Inc. dropped 15 percent in early New York trading after cutting its 2014 profit forecast for a third time because of increasing competition. Groupon Inc. fell 4.3 percent as its sales and profit projections for the current quarter trailed some estimates. Electronic Arts Inc. jumped 15 percent and First Solar Inc. added 4.2 percent in Germany after reporting profits that topped analysts�� predictions.
Futures on the S&P 500 expiring in June climbed less than 0.1 percent to 1,865.2 at 10:26 a.m. in London. Dow Jones Industrial Average contracts added 6 points, less than 0.1 percent, to 16,366. The S&P 500 is up 1.1 percent this year, while the Dow is down 1.1 percent. The Nasdaq Composite Index has lost 2.3 percent in 2014.
Copy Source: Bloomberg