US STOCKS-Futures slip as Greece worry offsets UPS results

* UPS shares up after earnings, outlook

* Greek bond yields rise

* Futures off: Dow 20 pts, S&P 500 2.6 pts, Nasdaq 5 pts

* For up-to-the-minute market news, click [STXNEWS/US]

By Chuck Mikolajczak

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 stronger
forecast 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 2.6 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.

Investors may be ready to take some profits after U.S.
stocks notched a fifth straight day of gains on Wednesday as
strong corporate results and March retail sales pushed the S&P
500 past 1,200 for the first time in 18 months.

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. [ID:nN14176283]

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 also waited 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
estimates, though gains were capped by weaker mining stocks.

Asian stocks rose after China’s economic growth accelerated
and bellwether U.S. technology and financial companies reported
string results, boosting appetite for riskier assets.[ID:nLDE63E09N]

Stock Market Report

(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

US STOCKS-Futures slip as Greece worry offsets UPS results