Tuesday, July 10, 2007

U.S. Stock-Index Futures Fall; D.R. Horton, Sears Holdings Shares Decline

(Bloomberg) -- U.S. stock-index futures retreated
on concern the housing slump will hurt earnings after D.R.
Horton Inc. said it will report a loss and Sears Holdings Corp.
forecast its profit will fall.

D.R. Horton, the second-largest U.S. homebuilder, slid
after saying it sees no sign of a housing rebound. Sears, the
biggest U.S. department-store company, plunged after it said
earnings will trail analysts' estimates. Home Depot Inc., the
world's largest home-improvement retailer, cut its full-year
forecast.


Read more at Bloomberg Stocks News

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