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U.S. Stock Futures Decline

U.S. Stock Futures Decline

By Saumya Vaishampayan

U.S. batch futures declined Tuesday, dragged down by unsatisfactory quarterly formula from several blue-chip
companies, including Microsoft Corp. and Procter Gamble Co.

Dow Jones Industrial Average futures forsaken 223 points, or 1.3%, to 17391. SP 500 futures declined 20 points, or
1%, to 2034, and Nasdaq-100 futures fell 51 points, or 1.2%, to 4219. Changes in batch futures don’t always accurately
predict moves in a batch marketplace after a opening bell.

Several blue-chip companies offering diseased outlooks due to a strength of a U.S. dollar.

Microsoft shares fell 7.6% in premarket trading, notching a biggest decrease on a Dow industrials. Microsoft set
its financial foresee for a mercantile year, that ends in June, next Wall Street estimates, citing a clever U.S.
dollar. Sales of a program sole to companies rose 4.6% from a year earlier, a bit next researcher expectations.

United Technologies Corp. cut a 2015 sales and distinction forecasts, blaming a strength of a dollar. The company
says 62% of a sales are overseas, withdrawal it really unprotected to a remarkable change in a value of a U.S. dollar. Shares
fell 2.3% premarket.

Procter Gamble pronounced Tuesday that a efforts to slim down and speed sales expansion by shedding brands are being
overshadowed by “unprecedented banking devaluations.” PG pronounced it expects banking sensitivity to revoke a 2015 sales
by 5% and distinction by 12%. Shares fell 2.7% in premarket trading.

The U.S. dollar has surged opposite a rivals in new months, one of a factors pushing a stream earnings
season’s temperate outlook. The downdraft in oil prices and diseased mercantile activity abroad are also during play. Going into
fourth-quarter gain season, analysts polled by FactSet had approaching gain to arise 1.1% from a year earlier, which
would symbol a slowest quarterly gait of expansion given a third entertain of 2012. Including 102 companies that have
reported, a SP 500 is on lane to see gain in. adult 0.1% from a year earlier.

“We’re already conference from companies that a strength of a dollar is commencement to be a concern,” pronounced Quincy
Krosby, marketplace strategist during Prudential Financial, adding that many investors are watchful for Apple Inc.’s formula after
the bell.

“It won’t be right now, though we wish to get a clarity from a superintendence if these companies trust that direct is
beginning to collect adult outward of a U.S.,” she added.

Declines in European holds also combined to a disastrous tone. Nervousness about a intensity showdown between
Greece’s new supervision and a general creditors continued to hold Greek financial markets Tuesday, with stocks
and holds fluctuating their postelection losses. The Stoxx Europe 600 fell 0.8%.

Assets deliberate havens rose Tuesday. Gold futures combined 0.3% to $1283.00 an ounce. The produce on a 10-year
Treasury note fell to 1.797% from 1.830% on Monday. Yields tumble as prices rise.

In other markets, crude-oil futures remove 0.2% to $45.07 a barrel.

Write to Saumya Vaishampayan during saumya.vaishampayan@wsj.com

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