Dell's disappointing earnings depress stock futures
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U.S. stocks are set for yet another lower open Friday morning after two consecutive days of declines. The technology sector will remain in the spotlight after Dell's (DELL
) worse-than-expected earnings reported late Thursday. As a whole, investors may be moving toward safer securities in the absence of confidence in the strength of the economic recovery.
Meanwhile, overseas, Asian markets finished lower and European shares
erased their earlier gains after European Central Bank President Jean-Claude Trichet said the ECB will gradually withdraw emergency cash. Banks and energy stocks slipped.
More here: Before the bell: Futures lower on Dell's earnings, ECB move