Wednesday, April 18, 2007

U.S. Stock-Index Futures Decline; IBM, Yahoo Shares Fall After Earnings

(Bloomberg) -- U.S. stock-index futures dropped after profit reports from International Business Machines Corp. and Yahoo! Inc. disappointed some investors, reviving concern that earnings growth is slowing.

IBM, the world's biggest computer-services company, fell after it signed services contracts totaling $11.1 billion, short of some analysts' estimates. Yahoo, owner of the most-visited U.S. Web site, tumbled after profit and sales trailed forecasts.


Read more at Bloomberg Stocks News

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