(Bloomberg) -- U.S. stock-index futures dropped on
lower-than-expected earnings as investors awaited reports on
durable goods orders and new home sales that may provide further
clues on the outlook for economic growth and interest rates.
Network Appliance Inc., whose computers store and distribute
data, tumbled after the company's fiscal first-quarter sales and
profit forecast trailed analysts' estimates. Toll Brothers Inc.
fell after the largest U.S. luxury home builder said fiscal
second-quarter profit plunged 79 percent.
Read more at Bloomberg Stocks News
lower-than-expected earnings as investors awaited reports on
durable goods orders and new home sales that may provide further
clues on the outlook for economic growth and interest rates.
Network Appliance Inc., whose computers store and distribute
data, tumbled after the company's fiscal first-quarter sales and
profit forecast trailed analysts' estimates. Toll Brothers Inc.
fell after the largest U.S. luxury home builder said fiscal
second-quarter profit plunged 79 percent.
Read more at Bloomberg Stocks News
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