Futures dip ahead of start to U.S. earnings season

Business

World stocks stabilize after big sell-off

MOSCOW (AP) — World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus.Today 7:27 am

Grain futures rose, livestock prices fall

CHICAGO (AP) — Grains futures rose Thursday on the Chicago Board of Trade.Wheat for July delivery rose 14.75 cents to $7.0325 a bushel; July corn rose 3.5 cents to $6.Today 7:24 am

Oil falls below $94 on weak outlook for demand

BANGKOK (AP) — The price of oil was knocked lower Friday by a combination of ample supplies and lukewarm demand.Today 7:23 am

NEW YORK (AP) — Stock futures are heading lower as the U.S. kicks off the first earnings season of 2013.

Dow Jones industrial futures are down 10 points to 13,297. The broader S&P futures have given up 1.8 points to 1,454. Nasdaq futures are down 2.25 points to 2,715.50.

Alcoa posts fourth quarter earnings after the markets close Tuesday and analysts that follow the company are looking for a profit of 6 cents per share. That would be a rebound for the aluminum producer, which lost $191 million, or 18 cents per share, in the same quarter last year.

There is early pressure on markets from overseas.

The number of unemployed people in the European Union is now 18.8 million, the most ever. Almost 11 percent of people living in the 17-nation bloc don't have jobs.