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Futures fall on weak commodities

NEW YORK: The US stock index futures fell on Friday, as a stronger US dollar weighed on commodities and natural resource stocks and weak results from computer maker Dell and homebuilder DR Horton underscored the rocky road to an economic recovery.

Dell Inc shares fell 6.4 percent to $14.86 in pre-market trading, a day after the number three personal computer maker reported third-quarter sales that missed estimates. Investors are watching the technology sector, which is often viewed as one of the first to recovery from a recession. “Dell’s sales increase concerns about the consumer,” Caughey said. “People are looking to see where consumers are spending, and they’re not spending on Dell. That’s weighing on the market.” DR Horton Inc reported a fourth-quarter loss that was wider than expected and said market conditions for homebuilders was ‘still challenging’. S&P 500 futures fell 8.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dropped 80 points, and Nasdaq 100 futures slid 10.25 points. Some big Goldman Sachs Inc shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing sources. US stocks fell Thursday, as another batch of economic data pointed to the fragility of the recovery. Tech stocks were hard hit after a bearish brokerage view on the semiconductor sector. reuters

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