US stock futures mixed ahead of economic data

June 24, 2011 - 7:59 AM
Wall Street

In this June 22, 2011 photo, specialist William Bott looks at a screen as he works on the floor of the New York Stock Exchange. World stock markets climbed Friday, June 24, after the European Union offered billions of euros in funds to help recession-mired Greece avoid a massive debt default. (AP Photo/Richard Drew)

WASHINGTON (AP) — Stock futures are wavering between gains and losses ahead of separate reports on economic growth and orders for long-lasting factory goods.

The government issues the third of three estimates of how much the economy grew during the first three months of the year in a report due at 8:30 a.m. Eastern.

At the same hour, traders will learn how many durable goods businesses ordered last month.

Analysts expect the economy grew faster than the 1.8 percent annual rate reported in the government's earlier estimate. Orders of durable goods such as machines and electronics likely increased.

Dow Jones Industrial Average futures are down 8 points, or 0.1 percent, at 11,968. Standard & Poor's 500 futures are up 0.7, or 0.1 percent, at 1,278. Nasdaq 100 futures are up 7 points, or 0.3 percent, at 2,244.