Tuesday, 08 May 2007

U.S. Stock-Index Futures Retreat on Earnings; Tyco, Fluor Shares Decline

(Bloomberg) -- U.S. stock-index futures fell after earnings reports from Tyco International Ltd. and Fluor Corp. raised concern profit growth won't be fast enough to sustain the stock market's five-week rally.

Tyco, the world's biggest maker of electronic connectors and security systems, dropped after reporting a second-quarter profit decline. Shares of Fluor retreated after the largest publicly traded U.S. engineering and construction company forecast annual earnings that trailed analysts' estimates.


Read more at Bloomberg Stocks News

No comments: