Stock futures fall before consumer confidence data

March 27, 2012 - 8:45 AM
Wall Street

In a Tuesday March 13, 2012 photo Trader Christopher Morie, right, works on the floor of the New York Stock Exchange. Wall Street was poised for a higher opening Tuesday March 27, 2012, with Dow Jones industrial futures and S&P 500 both up. (AP Photo/Richard Drew)

NEW YORK (AP) — Stock futures are edging lower ahead of a report that economists expect will show just how much Americans are feeling squeezed by rising gas prices.

The Dow Jones industrial average is down 15 points to 13,185 and the Standard & Poor's 500 index is down 2.6 points to 1,412.50. The Nasdaq composite index is down 3.25 points to 2,773.75.

The price for a gallon of gas has risen 17 cents this month, well ahead of the traditional start of the driving season. That begins over the Memorial day weekend.

Forecasters expect the consumer confidence index to slip to 70.0 in March, from 70.8 in February.

Also on Tuesday, Walgreen Co.'s second-quarter earnings fell almost 8 percent due to its decision to leave a pharmacy network and a mild flu season.