JPMorgan Reports Earnings and Chipotle Cuts Outlook: Morning Buzzers
Stock futures were mixed on Wednesday morning following a bevy of mixed economic news from around the world. Japan’s Nikkei index dropped over 2.5 percent, while the World Bank cut its global GDP growth outlook.
At 8:55 a.m.: S&P: -0.16%, Dow: -0.40%, NASDAQ: +0.13%.
The Consumer Price Index for All Urban Consumers was unchanged in December, according to the Bureau of Labor Statistics. The CPI-U climbed 1.7 percent over the past 12 months, while the core index less food and energy climbed 0.1 percent.
Japan’s two largest airlines, All Nippon Airways and Japan Airlines, have grounded their fleets of Boeing (NYSE:BA) 787 Dreamliners after one was forced to make an emergency landing after battery issues on a domestic flight. Japan’s transport ministry categorized the problem as “serious” but said the grounding of 24 total planes was voluntary. This comes amid a review of the plane by the Federal Aviation Administration in the U.S. Shares of Boeing were off as much as 3.3 percent in the pre-market…