Yahoo Finance US stock futures drifting lower ahead of the open
US stock futures drifting lower on mixed earnings reports; Europe stocks down on Ukraine fears
NEW YORK (AP) -- U.S. stock futures are drifting lower ahead of the open on mixed first-quarter earnings reports. Major European markets are falling on jitters over Ukraine.
KEEPING SCORE: Dow Jones industrial average futures are down 25 points to 16,485 at 9 a.m. Eastern Time. Standard & Poor's 500 index futures are down four points to 1,868, and Nasdaq futures have given up eight points to 3,529.
CBS DROP: CBS fell $1.36, or 2.3 percent, to $56.65 after first-quarter revenue fell short of analysts' projections. Advertising sales at television's top-rated network slumped 12 percent.
SYMANTEC RISE: Symantec Corp. rose 27 cents, or 1.3 percent, to $20.40. The security software maker said cost cuts helped boost its fourth-quarter profit margins and net income.
HOTELIER HIGHER: Hilton Worldwide Holdings rose 56 cents, or 2.5 percent, to $23.20. The hotel chain reported first-quarter earnings of 13 cents versus the nine cents that analysts had expected.
OVERSEAS MARKETS: European markets are lower amid renewed jitters about Ukraine. Pro-Russian militants are pressing ahead with plans for an independence referendum. Britain's FTSE 100 is down 0.3 percent, France's CAC 40 dropped 0.6 percent and Germany's DAX shed 0.2 percent.
In Asia, Hong Kong's Hang Seng rose 0.1 percent. Japan's Nikkei 225 stock average gained 0.3 percent.
TREASURIES AND COMMODITIES: The yield on the 10-year Treasury note was unchanged at 2.61 percent. The price of oil rose 37 cents, or 0.4 percent, to $100.63.
