Futures fall as markets await hints from Fed

AP News
Posted: May 21, 2013 7:53 AM
Futures fall as markets await hints from Fed

NEW YORK (AP) — U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.

Dow Jones industrial futures slipped 4 points to 15,315. S&P futures have given up 1.1 points to 1,663.50. Nasdaq futures are up 1.75 points to 3,019.25.

Wall Street will also be keeping an eye on J.P. Morgan's annual meeting, where shareholders will vote whether to split the CEO and chairman positions held by Jamie Dimon.

Dimon has been under scrutiny since a huge trading loss last year shook confidence in the oversight structure of the nation's largest bank.

Bernanke goes before Congress on Wednesday and minutes will be released from the most recent U.S. Federal Reserve policy meeting.

Home Depot beat Wall Street expectations in its most recent quarter Tuesday.