US Futures Dip Ahead Of Fed Decision

By: Associated Press Email
By: Associated Press Email

Stock futures are sliding ahead of a Fed decision over the best course of action to revive the economy, with many believing that there may be too much optimism about bold action from policy makers.

The Federal Reserve will disclose a decision just after noon, and Chairman Ben Bernanke is expected to speak at 2:15 p.m. Eastern.

Dow Jones industrial futures are down 13 points to 13,348. The broader S&P futures have given up 1.5 points to 1,438. Nasdaq futures are down 4.75 points to 2,791.50.

There are also some jitters over events in the Middle East. Protesters stormed the U.S. Embassy compound in Yemen's capital Thursday and there is violence around the U.S. mission in Cairo.

The Labor Department releases its weekly unemployment claims report at 8:30 a.m. Eastern.

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