Pre-open movers
U.S. stock futures traded slightly higher in early pre-market trade after the Dow Jones dropped around 500 points in the previous session. Investors are awaiting earnings results fromGeneral Mills, Inc.(NYSE:GIS),McCormick & Company, Incorporated(NYSE:MKC) andPaychex, Inc.(NASDAQ:PAYX).
Gross Domestic Product report for the first quarter will be released at 8:30 a.m. ET. The third estimate for Q1 GDP, at minus 1.4%, is likely to show little change versus the second estimate of minus 1.5%. Analysts expect personal consumption expenditures to be unrevised at a 3.1% growth rate. Federal Reserve Bank of Cleveland President Loretta...
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