Wall Street preview august 16 2011, Dow Jones S&P 500 index slipped

Indonesia stock info - Wall Street preview august 16 2011, pre-market movers, Dow Jones S&P 500 index slipped ; US stocks are expected to head south when trading kicks off on Wall Street today.

Futures for the Dow Jones Industrial Average (DJIA) fell 113 points (1 percent) in pre-market trade, while futures for the broader S&P 500 index slipped 17 points (1.45 percent).

Today’s macroeconomic calendar will also include US building permits and housing starts data for July from the Commerce Department and an update on industrial production for July from the Federal Reserve.

Analysts are expecting to see declined in both housing updates, while growth in industrial production is expected to increase from 0.2 percent in June to 0.5 percent, according to a Reuters survey.

Notable pre-market movers included Wal-Mart (NYSE:WMT), which rallied 2.5 percent and Home Depot (NYSE:HD), up 1.7 percent.

United States Steel (NYSE:X), NYSE Euronext (NYSE:NYX) and Bank of America (NYSE:BAC) moved in the opposite direction, with all companies shedding nearly 3 percent in pre market.

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