U.S. stock futures slid into the red ahead of a report on U.S. productivity this morning and the employment figures later in the week.
Investors are keeping a close watch on all economic numbers ahead of the Federal Reserve's Sept. 12-13 policy meeting, since the reports will likely influence the central bank's decision on whether it will announce more quantitative easing.
Companies: Dollar General (Fortune 500) raised its outlook for the remainder of the year after reporting better-than-expected second-quarter earnings. Net income for the discount retailer also increased nearly 50% from the same quarter last year. ,
Shares of FedEx (Fortune 500) fell in premarket trading, a day after the company announced it would , cut its outlook for the quarter, citing weakness in the global economy. The news dragged down shares of rival UPS (Fortune 500). ,
The U.S. Justice Department accused British Petroleum ( of being "grossly negligent" in its handling of the Deep Water Horizon oil spill in 2010, which could significantly raise the company's legal liability. )
Economy: Traders will watch for the government's revised reading on second-quarter productivity, which comes out at 8:30 a.m. ET. The report is expected to show that business-sector output was slightly stronger than previous estimates.
Oil for October delivery rose 17 cents to $95.47 a barrel.
Gold futures for December delivery lost $2.60 to $1,695.60 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 1.58% from 1.56% late Tuesday.
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|30 yr fixed||3.73%||3.65%|
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