Photo: Lucie Debelkova
U.S. stock futures are lower ahead of ISM Services data later this morning. Follow the release at Money Game > Portugal was downgraded again by Moody’s, indicating it is even closer to a bailout. Texas Instrument’s announced a $6.5 billion acquisition of National Semiconductor after the closing bell yesterday.
NSM shares are up 71% which has boosted other tech stocks.
Apple shares were down over 1% on the news that its weighting in the Nasdaq 100 would be reduced. There was also some earnings news already out and there is more to come.
Here is a roundup of earnings so far:
- Layne Christensen beat analyst expectations
- Schnitzer Steel beat analyst expectations
- KB Home will report its earnings later today