Wednesday, April 18, 2007

US STOCKS-Wall St seen falling on tech, JP Morgan up

(Reuters) - NEW YORK, April 18 - U.S. stock futures pointed to a lower open on Wall Street on Wednesday, dragged down by investor concerns about technology spending after disappointing results from Yahoo Inc. and brokerage downgrades of IBM.

JPMorgan Chase & Co. , the No. 3 U.S. bank, reported a 55 percent rise in quarterly profit, which sent its shares higher and lent brief support to futures. For details, see [ID:nN18454450].


Read more at Reuters.com Bonds News

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