US STOCKS-Futures lower as Greece worry offsets UPS results

NEW YORK, April 15 (BestGrowthStock) – U.S. stock index futures
dipped on Thursday as nagging concerns about Greece’s debt woes
undercut a solid quarterly earnings report and outlook from
economic bellwether United Parcel Service Inc.

* UPS (UPS.N: ) climbed 4.8 percent to $68.60 in premarket
trade after the package delivery company reported quarterly
earnings that topped estimates and raised its forecast for the
year. For details, see [ID:nN14181364]

* “Earnings continue to be impressive. It’s hard not to
look at the earnings cycle, even though we are coming off
admittedly low levels, with admittedly easy comparables. You
have to start somewhere,” said Barry Ritholtz, director of
equity research at Fusion IQ in New York. “Things from an
earnings perspective look much better than they have in quite a
long time.”

* Worries about Greek debt problems persisted, pushing the
euro lower against the dollar and driving up Greek bond yields
as investors sought clarity into whether it will need to tap a
planned euro zone aid package. [ID:nLDE63E0HN]

* S&P 500 futures (SPc1: ) slipped 2.8 points and were below
fair value, a formula that evaluates pricing by taking into
account interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: ) lost 20
points, and Nasdaq 100 futures (NDc1: ) shed 5 points.

* MGM Mirage (MGM.N: ) slumped 5.3 percent to $14.60
premarket, a day after the casino operator projected a
wider-than-expected quarterly loss due to weak Las Vegas
results, including its new CityCenter development.

* Other companies set to report results on Thursday include
Google Inc (Read more about Google Stock Analysis) (GOOG.O: ), Advanced Micro Devices Inc (AMD.N: ), PPG
Industries Inc (PPG.N: ) and People’s United Financial Inc
(PBCT.O: ).

* Wall Street is also waiting for a string of economic
data, including March industrial output, the New York Fed’s
Empire State manufacturing index, weekly jobless claims, the
Philadelphia Fed business index for April, and the April NAHB
housing market index.

* European stocks edged higher on Thursday, with drugmakers
rising after Roche Holding AG (ROG.VX: ) said sales beat
forecasts, though gains were capped by weaker mining stocks.

* Asian stocks rose as China’s economic growth accelerated
and bellwether U.S. technology and financial companies reported
string results, boosting appetite for riskier assets.

* U.S. stocks (Read more about the stock market today. ) notched a fifth straight day of gains on
Wednesday as the corporate results and March retail sales
pushed the S&P 500 past 1,200 for the first time in 18 months.

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(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

US STOCKS-Futures lower as Greece worry offsets UPS results