The American Stock futures changed a little on Greece
The American stock-index futures declined as China said industrial output growth will probably slow and investors waited for Greece’s politicians to accept spending cuts needed to secure financial aid. Anadarko Petroleum Corp. (APC), the major independent U.S. oil and natural-gas producer, grew 1 percent in German trading after reporting fourth-quarter earnings that beat estimates. Yum! Brands Inc. (YUM), the owner of the KFC and Taco Bell fast-food chains, gained 1.8 percent in early New York trading after posting periodical gross income that gained 30 percent.
Futures on the Standard & Poor’s 500 Index expiring in March fell 0.3 percent to 1,335.7 at 6:47 a.m. in New York. Dow Jones Industrial Average futures expiring the same month slid 19 points, or 0.2 percent, to 12,757 today. A Greek default will cause a correction of 5 to 10 percent in equities in Europe and perhaps less than half of that in the U.S., but it won’t be more.
