U.S. stock futures pointed lower Thursday after Citigroup posted a loss and Goldman Sachs’ forecast-beating earnings weren’t enough to inspire optimism in investors.
Goldman Sachs says its third-quarter profit nearly quadrupled from year-ago levels amid strong performance across the company’s business units and notes that economic conditions are improving.
U.S. stock futures were a bit weaker Thursday after banking giant Goldman Sachs reported results that shattered consensus estimates but not whisper numbers and Citigroup registered a loss.
Gold futures fall Thursday for a second session, moving below $1,050 an ounce as the U.S. dollar rebounds from its 14-month low against the euro, reducing gold’s appeal as a hedge against a weaker currency.
U.S. consumer prices drifted higher in September, led by higher prices for cars, energy and medical care that offset the first declines ever recorded in residential rents and home ownership costs, the Labor Department reports.
The number of people filing for state unemployment benefits fell by 10,000 to a seasonally adjusted 514,000 in the week ending Oct. 10, the Labor Department reports.
Nokia on Thursday reported an unexpected 559 million euro ($836 million) loss for the third quarter, hurt by a write-down in the value of its telecom equipment venture as well as declining mobile phone sales.