Futures Slip after GDP Grows 2.8%, Ford Misses

[Stocks-to-Watch]

Stock futures slipped early on Friday after the government said that fourth quarter GDP grew at a 2.8% rate. Economists surveyed by Dow Jones had expected the economy to expand at a 3% rate. GDP grew by 1.8% in the third quarter.

Dow futures fell 31 points to 12,653; S&P 500 futures fell 3.3 points to 1,312.

Ford (F) fell 5.7% in pre-market trading after missing EPS expectations. Chevron (CVX) fell 1.3% on weak refinery results. Industrial conglomerate Honeywell (HON) fell 2% after posting a loss. Procter & Gamble (PG) slid 0.7% on a mixed earnings report.



Original Article Source by Barrons.com