Friday, April 27, 2007

U.S. Stock-Index Futures Fall Before GDP Report; JetBlue, Airlines Slide

(Bloomberg) -- U.S. stock-index futures retreated on speculation a government report will show the economy grew in the first quarter at the slowest pace in more than a year.

JetBlue Airways Corp. led airlines lower after JPMorgan Chase & Co. downgraded the industry, arguing that overcapacity and a weakening economy will reduce profits. U.S. growth was hobbled in the first three months of 2007 by flagging investment in business equipment and home construction, economists said before the Commerce Department's report on gross domestic product.


Read more at Bloomberg Stocks News

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