Stocks poised for another day of losses

June 16, 2011 - 7:59 AM
Wall Street

FILE - In this file photo taken June 14, 2011, traders work on the floor of the New York Stock Exchange. Global stock markets fell sharply Thursday, June 16, amid fears that Greece's debt crisis is spiralling out of control and fresh worries over China's economy.(AP Photo/Richard Drew, file)

NEW YORK (AP) — Stocks are poised for another day of losses ahead of several key economic reports.

The government will release figures on the number of people who applied for unemployment benefits for the first time last week. Economists expect that the number fell to 420,000 from 427,000 the previous week. Separate reports will shed light on the construction of new homes and manufacturing growth in the Philadelphia region.

Ahead of the opening bell, Dow Jones industrial average futures are down 32, or 0.3 percent, to 11,799. S&P 500 futures are down 3, or 0.2 percent, to 1,257. Nasdaq 100 futures are down 4, or 0.2 percent, to 2,201.

The Dow fell nearly 180 points Wednesday after unrest in Greece rattled financial markets.