Stock Futures Mixed As EU Exits Recession
Stock futures are mixed after the European Union reported an end to its longest recession and Deere & Co. posted strong earnings.
Dow Jones industrial futures are down 18 points to 15,393. S&P futures have lost 2.1 points to 1,688.70. Nasdaq futures are up 1.25 points to 3,138.25, with shares of Apple close to breaching $500 for the first time since January.
The 17 countries that use the euro saw economic output grow by 0.3 percent in the second quarter, the EU statistics office reported Wednesday. It’s the first growth recorded since late 2011.
Deere’s third-quarter profit rose 27 percent on booming agricultural activity in North and South America.
The Labor Department is expected to report a slight increase in July wholesale prices later on Wednesday.